Federal Estate Exemption 2024. “the 2023 estate tax exemption sits at $12.92 million per individual and will be increased in 2024 to $13.61 million per individual. Upcoming changes to estate planning laws:
The 2017 tax cuts and jobs act (tcja). Tax exemption for international financial services centre units under sections 10(4d) and 10(4f) has been prolonged by one year, now applicable until march.
“the 2023 estate tax exemption sits at $12.92 million per individual and will be increased in 2024 to $13.61 million per individual.
The amount a decedent’s estate is exempt from estate tax is now $13,610,000.
The internal revenue service recently announced that the federal estate and gift tax exemption amounts will be $13.61 million per individual for gifts and deaths.
The federal estate tax exemption amount is going up again for 2024.
