For 2027, the federal estate and gift tax basic exclusion amount is $15,490,000 per individual under IRC § 2010(c), with an applicable credit of $6,141,800.  For a married couple, that is effectively $30,980,000 before considering portability mechanics and any deceased spousal unused exclusion amount under IRC § 2010(c).

The 2027 annual gift tax exclusion is $20,000 per donee for qualifying present-interest gifts under IRC § 2503(b)