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IRS announces bigger estate and gift tax exemption for 2025

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Summary
Nutrition label

82% Informative

Starting in 2025 , the "basic exclusion amount" rises to $ 13,990,000 per person.

The exemptions apply to tax-free transfers during life and at death.

The exemption will sunset without action from Congress .

The Tax Cuts and Jobs Act doubled the exemption to $11.18 million in 2018 , according to the Tax Policy Center .

VR Score

87

Informative language

90

Neutral language

28

Article tone

formal

Language

English

Language complexity

34

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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