Prudy Carlynne

2024 Gift Tax Exclusion Lifetime. Over the course of your lifetime, you can give away only up to a certain amount before the irs imposes taxes. The irs has specific rules about the taxation of gifts.

If you haven’t utilized your entire lifetime. Experts note that there are ways that people can reduce their taxable estate while still handing down money to their heirs, such as with the gift tax exclusion, which allows.