Estate Tax Exemption 2024 Per Person Income. For an estate worth $13.7 million with a 2024 exclusion limit of $13.61 million, estate taxes would be levied on $90,000 of the estate. Here we have provided a “cheat sheet” to keep in mind for 2024 federal estate, gift, and gst exemptions, as well as exemptions and inheritance tax.

What is the federal estate tax? Tax rates range from 18% to 40%.