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Delaware and Hawaii allowed their taxes to expire after Congress repealed the credit for state estate taxes, but reenacted the taxes in 2010. Exemption amounts under the state estate taxes vary, ranging from the federal estate tax exemption amount or $5.34 million, indexed for inflation (two states) to $675,000 (New Jersey).
The sunset limited the revenue cost of the TCJA, ... the TCJA also doubled the federal estate tax exemption from $5.6 million to $11.2 million for single filers (and double that for married ...
Maybe not tomorrow, but the sunset of our historically high estate tax exemptions is coming — and with the election on its way, it could be sooner than you think.
Increased estate tax exemption: The estate tax exemption increased to $13.6 million in 2024 for single filers. It increased to $13.99 million for the 2025 tax year. ... % of their pass-through ...
From lower federal rates to the cap on state and local property tax deductions, there is much at stake. End of Trump tax cuts would see 62% pay more—how Congress may respond Skip to main content
Therefore, a sunset provision in the Act reinstates the tax to its original levels (and indeed, all tax cuts contained in the Act) on January 1, 2011, in order to comply with the Byrd Rule. [14] Congress enacted new estate tax levels before the sunset provision was triggered. [15
The estate tax unified credit exclusion, which was $675,000 in 2001 but scheduled to increase by steps to $1,000,000 in 2006, was increased to $1,000,000 in 2002, $1,500,000 in 2004, $2,000,000 in 2006, and $3,500,000 in 2009, with repeal of the estate tax and generation-skipping tax scheduled for 2010. The maximum estate tax, gift tax, and ...
Barring an extension or new legislation, the lifetime estate and gift tax exemption is due to revert to the pre-2017 Tax Cuts and Jobs Act level of $5.49 million at midnight on Dec. 31, 2025.