# 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.
- Title: IRS raises estate tax exemption to $15.48 million for 2027
- Summary: The federal estate and gift tax exemption rises by $480,000 as the IRS adjusts for inflation.
- Keywords: irs, estate tax, gift tax, tax exemption, inflation adjustment, 2027, CNBC
- Source: CNBC — https://cnbc.com/2026/11/05/2027-estate-and-gift-tax-exemption-irs-raises-limit.html
- Author: Kate Dore, CFP®, EA
- Published: 2026-11-05T19:24:21+00:00
- Read time: 1 min
- Topics: irs, estate tax, gift tax, tax exemption, inflation adjustment, 2027, business, finance
## 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.
## Key takeaway

The IRS raised the federal estate and gift tax exemption to $15.48 million per person for 2027, up from $15 million in 2026.