Federal Estate Tax and Gift Tax Limits Announced For 2020
This is not a substitute for legal advice. See here for the site’s reposting policy. In November 2019, the IRS announced the revised federal estate tax and gift tax limits for 2020. The federal estate tax limit rises from $11.4 million in 2019 to $11.58 million in 2020. The federal gift tax limit will remain at $15,000 in 2020. In Maryland, state estate tax limits will stay at $5 million. Federal Estate Taxes For 2020, the federal estate tax limit increases to $11.58 milli