Do I need to report my gift to someone?
Annual Gift Exclusion
2024
$18,000 per donee
$36,000 for a married couple
2025
$19,000 per donee
$38,000 for a married couple
Lifetime Gift Exclusion
2024
$13.61 million per donee
$27.22 million if married
2025
$13.99 million per donee
$27.98 million if married
Disclaimer: The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Jeffrey Kurtz CPA LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Jeffrey Kurtz CPA LLC prior to taking any action based upon this information. Jeffrey Kurtz CPA LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.