2024 Gift Tax Exclusion Amount In India. In 2021, the exclusion limit is $15,000 per recipient, and it rises to $16,000 in 2022. Learn about the federal gift tax, which applies to transfers of money or property to other people.
There are multiple benefits to using a 2024 gift tax exemption to fund a 529 college savings plan. 11 rows learn about the gift tax act, exemptions, limits and provisions.