2024 Estate Tax Exemption Limit

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2024 Estate Tax Exemption Limit. How much money can people exclude from estate and gift taxes? The annual exclusion applies to gifts of $18,000 to each donee or recipient per calendar year.


2024 Estate Tax Exemption Limit

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 exemption of $12,920,000). The annual exclusion applies to gifts of $18,000 to each donee or recipient per calendar year.

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