Gift, Estate, and GST Tax

Free CFP Exam lesson in Estate Planning. 18 min read, ~2,701 words.

Bottom Line. The gift and estate tax share one unified $15,000,000 exemption (2026, made permanent by OBBBA). Adjusted taxable gifts are added back for bracket integrity, not to double-tax. Annual exclusion: $19,000 per donee per year; gift-splitting doubles it to $38,000. GST tax: flat 40% on transfers to skip persons...