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2. How Much Money Can I Gift Without Owing Taxes? - AOL

   www.aol.com/much-money-gift-without-owing...

   The federal government will collect estate tax if your estate has a value of more than the federal estate tax exemption. The exemption for 2023 is $12.92 million. At the same time, the exemption ...

3. Gift tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Gift_tax_in_the_United_States

   Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. [14] Congress initially passed the gift tax in 1932 at a much lower rate than the estate tax, a full 25% under the estate tax rate, while also providing a $50,000 exemption, separate from the $50,000 exemption under estate tax. [15]

4. What Are Gift Tax Rates and When Do You Have To Pay? - AOL

   www.aol.com/gift-tax-rates-pay-210701793.html

   Here’s a breakdown of the federal gift tax rates: Amount above gift tax lifetime exclusion. Gift tax rate. ... the lifetime gift tax exemption increased to $13.99 million from $13.61 million in ...

5. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/finance/irs-increases-gift-estate...

   Lifetime Gift Tax Exemption. Additionally, the IRS has announced that the lifetime estate and gift tax exemption will increase to $13.61 million in 2024. If a gift exceeds the annual limit ...

6. Will a $75,000 Gift for My Son's Home Down Payment ... - AOL

   www.aol.com/worry-gift-tax-son-75-162533516.html

   Since you have your full $13.61 million lifetime exemption, there is no tax liability but you will reduce your lifetime exemption to $13,553,000. Scenario 2: Individual With High Giving Filing ...

7. 2024 gift tax rate: What it is, how it works and who has to ...

   www.aol.com/finance/2024-gift-tax-rate-works...

   Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married couples.

8. How Can I Avoid Taxes if I Give My Daughter and Her Husband ...

   www.aol.com/finance/want-daughter-her-husband-50...

   In 2023, the lifetime gift and estate tax exemption is $12.92 million for individuals, which means married couples have a combined exemption limit of $25.84 million.

9. If I Give My Child $30,000 Towards Their Wedding, Do I Have ...

   www.aol.com/worry-gift-tax-pay-30-122213798.html

   The gift tax only applies when you exhaust your lifetime exemption. In 2023, a person can give away up to $12.92 million over the course of their lifetime without triggering the gift tax (this ...