Estate TaxGift Tax

2015 Update to Federal Estate Tax Exemption

2015 Federal Estate Tax Exemption

Starting January 1, 2015, the federal estate and gift tax exemption will increase from $5,340,000 per person to $5,430,000.  That is an increase of $90,000.  If you are married, that amount will be doubled.

In addition to the lifetime estate and gift amounts, a person can also give away up to $14,000 per year.  This amount will not change for 2015.