Tag Archives: gift and estate taxes

Effective Jan. 1, 2024, the federal estate tax exemption increased to $13,610,000, or $27,220,000 for married couples filing joint tax returns. This means that individual taxpayers can transfer up to $13.61 million in assets to their heirs (or up to $27.22 million for married couples filing jointly) during life or at death without incurring federal gift […]