IRS Adjusts Estate and Gift Tax Exemptions for Inflation The Internal Revenue Service (IRS) recently announced the inflation adjusted Estate and Gift Tax Exemptions for 2023. The lifetime Estate and Gift Exemption for 2023 will be $12,920,000 for individuals and $25,840,000 for a married couple. The new exemption amounts represent a substantial increase from the … Continue reading 2023 Estate and Gift Tax Exemptions