Inflation adjustments to estate and gift taxes
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.