Generation Skipping Tax Exemption 2025. Effective january 1, 2025, the estate and gift tax basic exclusion amount and the generation skipping transfer (“gst”) tax exemption are scheduled to increase from. 1, 2026, the gst tax exemption for individuals will be $5,000,000, adjusted for inflation, estimated to be around $7,000,000 per individual.
On october 22, 2024, the irs officially announced the inflation adjustments for 2025 for the gift and estate tax exemptions. Here are the new exemption amounts for estate tax, gift tax, and generation skipping transfer tax exemptions amounts and the annual exclusion amount for 2025: