IRS announces bigger estate and gift tax exemption for 2027
CNBC · Kate Dore, CFP®, EA ·
The IRS has announced a bigger estate and gift tax exemption for 2027. Here's what investors need to know.
The Internal Revenue Service has announced a higher estate and gift tax exemption for 2027.
In its announcement Thursday, the agency increased the federal "basic exclusion amount" to $15.48 million per person for 2027, up from $15 million in 2026. The exemption applies to tax-free transfers during life and at death.
State estate and inheritance tax exemptions can be lower.