Estate and Gift Taxes 2021

The federal gift and estate tax exemption amount is now the highest it has been since the tax was enacted in 1916. This means you can pass more to your heirs today, without paying any federal gift or estate tax, than ever before in the past century

In 2021, anyone can give away up to $11.7 million during their lifetime or at death without being subject to federal gift or estate tax. That amount doubles for a married couple. So, if a husband and wife with assets of $23.4 million both