Effective January 1, 2024, new federal estate and gift tax exclusion rates are now in place. This article outlines the updated figures and provides essential information for individuals navigating estate planning considerations. Federal Estate Tax Exemption The federal estate tax exemption for 2024 stands at $13.61 million per individual. This figure represents the threshold atContinueContinue reading “Federal Estate Tax and Gift Tax Exclusion Rates for 2024”