March 1, 2022
Inflation adjustments to estate and gift taxes
In 2022, the federal estate tax for individuals will begin to kick in at $12,060,000. Married couples can routinely double that exemption, to $24,120,000. Note that state death tax exemptions are generally lower than this. The annual exclusion from federal gift tax exclusion is bumped up to $16,000, from $15,000 in 2021.