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What Is The Inheritance Tax Threshold In 2025 In Ny. Nevertheless, it is important to note that if congress does not act in 2025, on january 1, 2026, the federal estate tax threshold will again be $5.49 million (adjusted for. This means that in 2025 a person can gift up to that amount during their life, or after death, free of federal estate and gift tax.

The 2017 tax cuts and jobs act (tcja) nearly doubled the lifetime estate and gift tax exemption from $5.6 million to $11.18 million A few states also impose an inheritance tax, which can leave a tax bill for your heirs on even small amounts of money.