Federal Estate/Gift Tax Exemption for 2015

For deaths in 2015, the federal gift and estate tax exemption amount is $5.43 million, up from $5.34 million in 2014. The tax affects only the nation's richest families; fewer than 4,000 estates nationwide will have to pay the federal tax, according to most estimates.

The annual federal gift tax exclusion amount remains the same in 2015, at $14,000 per recipient.