2023 Estate Tax Exclusion
The 2023 federal lifetime unified estate and gift tax exclusion is $12,920,000 up from $12,060,000 in 2022.
In addition, the annual federal gift tax exclusion in 2023 is $17,000 per person per year, up from $16,000 in 2022.
The 2023 New York estate tax exclusion is $6,580,000, up from $6,110,000 in 2022. (There is no gift tax in New York State.)
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