You can gift someone up to $18,000 if you’re a single filing household and up to $36,000 if you’re married filing jointly - all without paying taxes on the gift! That limit is increasing to $19,000 if you’re single and $38,000 if you’re filing jointly in 2025.
This gift can be used for weddings, 529 plans, tuition, medical bills, and so much more. Check out the link in our bio to learn more about how the gift tax can work in your favor.
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