From CNBC · Kate Dore, CFP®, EA · · 50s
IRS raises estate tax exemption to $15.48 million for 2027
The federal estate and gift tax exemption rises by $480,000 as the IRS adjusts for inflation.
In brief
The federal estate and gift tax exemption rises by $480,000 as the IRS adjusts for inflation. The IRS raised the federal estate and gift tax exemption to $15.48 million per person for 2027, up from $15 million in 2026. Originally reported by CNBC.
IRS raises exemption for 2027
The Internal Revenue Service announced Thursday that the federal basic exclusion amount rises to $15.48 million per person for 2027, up from $15 million in 2026.
What the exemption covers
The exemptions apply to tax-free transfers during life and at death. State estate and inheritance tax exemptions can be lower than the federal amount.
Part of broader inflation adjustments
The IRS also increased figures for dozens of other provisions, including federal income tax brackets, capital gains tax brackets and earned income tax credit eligibility.
The bottom line
The IRS raised the federal estate and gift tax exemption to $15.48 million per person for 2027, up from $15 million in 2026.
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