Gifts That Arrive Before Christmas 2024 Under $50000 In . In 2021, the annual gift tax exemption is $15,000, meaning a person can give up $15,000 to as many people as they want without having to pay any taxes on the. You almost certainly will not have to pay any gift taxes.
What is the gift tax on $50,000? The annual gift tax exclusion of $18,000 for 2024 is the amount of money that you can give as a gift to one person, in any given year, without having to pay any.
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