The IRS announced higher Estate and gift tax exemptions 2025.
“Basic Exclusion Amount” Increased to US$13.99 million The agency said Tuesday that per capita income will be higher in 2025 than in 2024 at $13.61 million. These exemptions apply to tax-free transfers during life and upon death.
The IRS also raised the numbers on dozens of other provisions, including federal income tax bracketslong capital gains tax brackets and eligibility for the child tax credit, among other things.
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Higher estate and gift tax exemptions enacted by former president after 2025 Donald Trump If Congress doesn’t act, the sun will set. If this provision expires, the exclusion will revert to 2017 levels (adjusted for inflation). tax cuts and jobs act Double immunity It will reach $11.18 million in 2018, according to the Tax Policy Center.
