Estate Tax Exemption 2024 Expires In India. On december 31, 2025, at midnight, the tax code’s updated provisions will expire, drastically altering the tax landscape. Recently, the irs announced an increased federal estate tax exemption for 2024.
The 2017 tax cuts and jobs act (tcja) effectively doubled the. In 2023, the estate and gift tax exemption amount is $12.92 million per person (or $25.84 million per married couple).