H.R.1, the budget reconciliation bill enacted into law on July 3, includes a provision that permanently increases the estate tax exemption to $15 million ($30 million for married couples). The base year for indexing the $15 million exemption amount was changed to 2025.
The increase in the estate tax exemption would take effect for decedents dying in calendar year 2026.
Prospects: This new higher estate exemption could stave off continuing calls for complete repeal of the estate tax, at least for the foreseeable future.
NAIFA Staff Contact: Jayne Fitzgerald – Director – Government Relations, at jfitzgerald@naifa.org.
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