2024 Gift Tax Exclusion Amount 2024. The stt applicable to futures and options (f&o) trading is set to increase from october 1, 2024. The irs has specific rules about the taxation of gifts.
The annual gift tax exclusion amount has increased from $17,000 per person in 2023 to $18,000 per person in 2024 (or $36,000 for married couples choosing to individually. Specifically, the tax rates for futures & options (f&o) of.