Lifetime Gift And Estate Tax Exemption 2025
Lifetime Gift And Estate Tax Exemption 2025. The basic exclusion amount rises to $13.99 million for 2025, up from $13.61 million in 2024, the agency. For gift and estate tax purposes, the lifetime exemption amount will increase to $13.99 million per person (up from $13.61 million in 2024).
There is also a lifetime gift tax exemption. Does the estate tax expire in 2025?