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2026 Changes to Estate and Gift Tax Limits May Impact Your Current Estate Plan

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Topics:Benefits CPA Firms Estate Planning Expertise Income

Estate Planning

2026 Changes to Estate and Gift Tax Limits May Impact Your Current Estate Plan

February 15, 2023
by Jennifer A. Rasmussen, Esq.

When contemplating estate planning, it’s important to be aware of estate and gift tax limits. In 2023, the amount an individual can gift within their lifetime (or upon their death), without tax consequences, is $12.92 million. This is an $860,000 increase from 2022. The amount typically increases each year based on inflation. The current “high”Read More

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