The current estate tax exemption expansion, which is set to expire for estates and gifts dated after December 31, 2025, presents wealthy families a window of opportunity to transfer substantial assets to descendants tax free. In 2024, the exemption is $13,610,000 for individuals and $27,220,000 for a married couple. In 2025, that amount is projected to increase to approximately $14 million for individuals (approximately $28 million for married couples).
On January 1, 2026, unless Congress intervenes, the 2017 Tax Cuts and Jobs Act provision that raised the amount temporarily will sunset, leaving the exemption to revert to its pre-TCJA level, ...
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