2025 Estate Tax Exclusion
The 2025 federal lifetime unified estate and gift tax exclusion is $13,990,000, up from $13,610,000 in 2024.
In addition, the annual federal gift tax exclusion in 2025 is $19,000 per person per year, up from $18,000 in 2024.
The 2025 New York estate tax exclusion is $7,160,000, up from $6,940,000 in 2024. (There is no gift tax in New York State.)