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Beginning in 2024 the Estate and Gift Tax exemption for all citizens is $13,610,000.00 dollars. In addition, a surviving spouse can also include the unused portion of their deceased spouse exemption. The new law makes the exemption “portable” between spouses. For example, if the first spouse to die uses only $2 million dollars of his exemption the surviving spouse will be able to exclude $23,840,000.00 million dollars of her estate from Federal Estate and Gift Tax.