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Kiplinger
Kiplinger
Business
Katelyn Washington

UNBELIEVABLE: Estate tax exemption amount increases for 2024 | History Defined

Gold numbers 2024.

The federal estate tax exemption amount went up again for 2024. A higher exemption means more estates may be exempt from the federal tax this year, which can save heirs from a hefty tax bill. 

The amount is inflation-adjusted by the IRS each year. So, while the increase probably isn’t a surprise, it’s still a big deal for many wealthy taxpayers.

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