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Inflation adjustments to estate and gift taxes

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. 

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