2024 Estate Tax Exemption Amount Limit

2024 Estate Tax Exemption Amount Limit. The combined gift and estate tax exemption will be $13.61 million per individual for lifetime gifts made in 2024 and for bequests made by someone passing. For the 2024 tax year, the yearly gift tax exemption has increased to $18,000 in 2024 from the $17,000 2023 limit.


2024 Estate Tax Exemption Amount Limit

Individuals will have an exemption of $13.61. Within this range, you have enough estate tax exemption to avoid an estate tax as of 2024 but will immediately be over the exemption limit in 2026.

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