Estate Gift Tax Exemption 2024. Effective january 2024, the federal estate & gift tax exemption is slated to increase by $690,000, reaching $13,610,000 per person (compared to the 2023. The exemption from gift and estate taxes is now just above $13.6 million, up from about $12.9 million last year.


Estate Gift Tax Exemption 2024

For 2024, the lifetime gift tax exemption is $13.61 million, up from $12.92 million in 2023. The 2024 annual exclusion amount will be $18,000 (up from $17,000 in 2023).

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