Estate and Gift Taxes

The 2022 federal estate tax exemption is $12,060,000 per individual.

The 2021 federal estate tax exemption is $11,700,000 per individual.

The estate tax is currently 40% for all amounts above the exemption.

The 2020 & 2021 ANNUAL Gift Exclusion amount is $15,000.
2022 amount increased to $16,000