Illinois Estate Tax Exemption Amount 2024. The federal estate tax exemption threshold in 2024 is at $13.61 million per individual, meaning that estates valued below this amount were. This means that if someone passes away and their total estate is worth less than $4 million, the estate won’t have.
The federal estate tax exemption threshold in 2024 is at $13.61 million per individual, meaning that estates valued below this amount were. Increases the exclusion amount to $8,000,000 for persons dying on or after january 1,.