What Is The Tax Free Gift Limit For 2025 In Florida , What Is The Tax Free Gift Limit For 2025 In Florida. The irs has specific rules about the taxation of gifts. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. The gift tax is intended to discourage large gifts that could potentially be used to avoid estate taxes. Federal excise ranges from 18% to 40%, depending on the gift amount. What Is The Tax Free Gift Limit For 2025 In Florida Images References : 2025
What Is The Tax Free Gift Limit For 2025 In Florida. The irs has specific rules about the taxation of gifts. The gift tax limit (or annual gift tax exclusion) for 2023 is $17,000 per recipient. The gift tax is intended to discourage large gifts that could potentially be used to avoid estate taxes. Federal excise ranges from 18% to 40%, depending on the gift amount.