Connecticut Estate Tax Exemption 2025. In 2024, the connecticut gift tax exemption is $13.61 million, up from $12.92 million in 2023. The increased estate and gift tax exemption limits are dropping at the end of 2025.
The connecticut tax is different from the federal estate tax, which also has an exemption of $13.61 million (for deaths in 2024). Changes are coming to estate planning laws.
Effectively, The Tcja Allows Up To $13.6 Million Of 2024 Assets Per Person (Or $27.2 Million For A Married Couple) To Be Exempt From The Punitive 40 Percent Estate Tax.
Learn giving options and take next steps to help reduce estate taxes.
After This Date, Current Exemption.
Under the act, absent additional legislative action, the increased exemptions will remain in effect through 2025, after which the exemptions will return to the 2017.
A chart that provides the key connecticut estate tax figures for 2022 and 2023, including the estate tax exemption amount and top tax rate.
The Estate Tax Exemption Sunset Is Akin To A Clock Counting Down To Midnight On December 31, 2025.
With the impending sunset of the current estate tax exemptions at the end of 2025, there are several strategic planning tools and techniques that can help minimize.