How much is the estate tax exemption amount for individuals as of now?

The estate tax exemption amount for individuals is currently set at 11.4 million dollars. This exemption is the threshold below which you can transfer your estate to your heirs without incurring federal estate taxes. It was established as part of the Tax Cuts and Jobs Act enacted in 2017 and is applicable to estates valued below this amount.

Furthermore, the exemption is adjusted for inflation, which means it may increase slightly each year. For individuals who have estates valued over this exemption amount, the estate tax will apply to the value of the estate above the exemption limit. Understanding this figure is crucial for effective estate planning and ensuring that your beneficiaries receive the maximum possible inheritance without being significantly diminished by taxes.

In the context of the other options, while five million, twenty million, and fifteen million are notable figures, they are not reflective of the current exempt amount, making the 11.4 million the accurate figure at present.