The IRS recently released the inflation-adjusted estate and gift tax figures for 2027.  For 2027, the federal estate tax exemption and lifetime gift tax exclusion will be $15,480,000 per person.  This is an increase from $15,000,000 in 2026.  The federal annual give tax exclusion will be $20,000 per donor per recipient.  This is an increase from $19,000 in 2026.  The IRS release can be found here. 

Pursuant to General Statutes § 12-391, the Connecticut estate tax exemption matches the amount of the federal exemption.  This means that in 2027, the estate tax threshold is also $15,480,000, subject to any portion of the exemption that was used for lifetime gifts.

Please feel free to contact us if you have any questions about how these figures may affect you.