2024 Estate Tax Exemption Increase. The current (2023) federal estate tax exemption amount is $12,920,000.00, meaning a u.s. In 2024, the exemption amount for individual estates will reach $13.61 million, an increase from the $12.92 million benchmark in 2023.

It will rise to $13.61 million in 2024 (up from $12.92 million in 2023). The current (2023) federal estate tax exemption amount is $12,920,000.00, meaning a u.s.