Estate Tax Exemption 2024 Format. In 2023, the estate and gift tax exemption amount is $12.92 million per person (or $25.84 million per married couple). In 2024, the lifetime gift and estate tax exemption amount, which is adjusted annually for inflation, is $13.61 million per individual, meaning a married couple can.

The estate and gift tax exemption amount has increased from $12,920,000 per person in 2023 to $13,610,000 per person in 2024. The exemption from gift and estate taxes is now just above $13.6 million, up from about $12.9 million last year.