Estate And Gift Tax Exemption 2025. Changes are coming to estate planning laws. In a significant update for estate planning and wealth management, the internal revenue service (irs) has announced an increase in the estate and gift tax exemption for 2025.
Effective january 1, 2025, the estate and gift tax exclusion amount and the generation skipping transfer (โgstโ) tax exemption are scheduled to increase from $13,610,000 to $13,990,000. The first thing to understand is the annual gift tax.
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