Professional Tax Shelter Planning Tools (2024 Tax Year)
Professional Disclaimer: These calculations are for educational purposes only. Consult with a qualified CPA or tax attorney for actual tax planning. View Full Legal Disclaimer
$13,610,000
Per person (married couples: $27.22M combined)
$18,000
Per recipient, per year
$13,610,000
Lifetime generation-skipping exemption
⚠️ Sunset Provision Alert: Current exemptions are scheduled to be reduced by approximately 50% on January 1, 2026, unless extended by Congress.
Maximize $18,000 annual exclusion per recipient
Unlimited estate tax deduction for qualified charities
Reduce taxable value through legitimate discounts
Important: Thirteen jurisdictions have separate estate or inheritance taxes with varying exemptions. Some states also have gift taxes. Multi-state planning may be required for optimal tax efficiency.
Domicile Matters: Your state of domicile at death determines which state estate tax applies. Domicile planning can provide significant tax savings.