Lifetime Estate/Gift Tax Exemption
TaxesThe total amount you can transfer via gifts and estate tax-free during your lifetime ($13.61M in 2024).
Example
Example: On a $75,000 salary, understanding lifetime estate/gift tax exemption could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how lifetime estate/gift tax exemption works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.