However, 2025 will be a pivotal tax year. If the Tax Cuts and Jobs Act (TCJA) were left to expire, as of 2026, the estate exemption amount could revert to a lower base threshold. However ...

The federal estate tax exemption is set to increase to $13.99 million per person in 2025. This means that estates valued below this amount will not be subject to federal estate taxes. Married ...

Unless Congress takes action, the exemption will go back to $5 million in 2025. This means that estates worth more than that amount could be subject to federal estate tax. This has taxpayers with ...

Unless Congress acts, on Jan. 1, 2026, the estate, gift and generation-skipping transfer (GST) tax exemption amounts will be cut in half. A decrease in the exemption amount could result in ...

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for ...

The biggest taxation difference in estate planning relates to the federal estate tax exemption amount (“exemption”). This is the threshold amount after which the IRS says your heirs must pay the 40% ...

However, the top estate tax rate is often 16% of the amount above the exemption and can be as high as 20% in some states. Hawaii and Washington have the highest maximum estate tax rates.