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News & Press: Advocacy/Legislative

2025 Tax Inflation Adjustments for Gift, Estate and Generation-Skipping Transfer Tax Provisions

Thursday, November 7, 2024   (0 Comments)
Posted by: BEPC Office

The Internal Revenue Service recently announced the annual inflation adjustments for the 2025 tax year, which include the following changes in gift, estate and generation-skipping transfer taxes:

  • Lifetime Gift Tax Exemption: $13,990,000
  • Federal Estate Tax Exemption: $13,990,000
  • Annual Gift Tax Exclusion: $19,000

Additional information is available on the IRS website, Revenue Procedure 2024-40.


Boston Estate Planning Council

85 Swanson Road, Suite 135
Boxborough, MA 01719

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