Estate Tax Exemption 2024 Form 2024 . The exemption from gift and estate taxes is now just above $13.6 million, up from about $12.9 million last year. “the irs has raised the lifetime estate and gift tax exemption to $13.61 million per individual or $27.22.
The current (2023) federal estate tax exemption amount is $12,920,000.00, meaning a u.s. The federal government levies an estate tax on estates worth more than the current year’s limit.
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