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WebMar 23, 2024 · The IRS allows individuals to give away a specific amount of assets or property each year tax-free. In 2024, the annual gift tax exclusion is $17,000, meaning a person can give up $17,000 to as many people as he or she wants without having to pay any taxes on the gifts. WebJan 4, 2024 · But by and large, the corporations who issue the cards still get to keep most unused gift card funds. Despite this, retailers claim they make more money when consumers spend their cards. Here’s why: … WebTarget GiftCards purchased on Target.com or in the Target app (Physical Target GiftCards, Mobile Target GiftCards and Target eGiftCards): $10, $20, $25, $50, $75, $100 & $200, and the ability to add in a custom value amount between $5 - $500. In Store. You can purchase physical Target GiftCards at any Target store during checkout. district of columbia war memorial wedding