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For instance, the Treasury’s Office of Tax Analysis estimates that the top 0.1% of earners would get a tax cut of $314,000 under a full extension of the individual and estate tax provisions ...
More than 200 House and Senate Republicans are backing a bill to repeal the federal estate tax just as congressional negotiators are discussing taxation. ... President Donald Trump’s 2017 Tax ...
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
The TCJA's provisions included a permanent lower corporate tax rate, as well as temporary lower income tax rates that came with a sunset date of Dec. 31, 2025. Those income tax cuts resulted in a ...
The TCJA increased the estate and gift tax exclusions from $5 million to $10 million. Without an extension, that exclusion, adjusted for inflation, will drop from about $13.6 million to $6.8 million.
Individuals Will Likely Pay More if Trump-Era Tax Cuts Aren’t Extended Individual income tax brackets will revert to 2017 levels, increasing anywhere between 1% to 4% for many Americans, Fox ...
According to the Economic Growth and Tax Relief Reconciliation Act of 2001, the applicable exclusion increased to $3,500,000 in 2009, and the estate tax was repealed for estates of decedents dying in 2010, but then the Act was to "sunset" in 2011 and the estate tax was to reappear with an applicable exclusion amount of only $1,000,000.
In a win for the wealthiest Americans, 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 couples).