The Tax Cuts and Jobs Act of 2017 continued the unified gift and estate tax credit system and doubled the unified applicable exclusion to $10 million (adjusted annually for inflation).
|
|
Gift Tax |
Equivalent |
|
2023 |
$5,113,800 |
$12,920,000 |
|
2024 |
$5,389,800 |
$13,610,000 |
|
2025 |
$5,541,800 |
$13,990,000 |
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