IRS Raises Estate Tax Exemption
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federal income tax bracketsCNBC
•IRS announces bigger estate and gift tax exemption for 2025
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 .
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