Tcja

Learn how the Tax Cuts and Jobs Act (TCJA) changed estate planning with higher exemptions through 2025. Understand key provisions and potential impacts.

What are the key TCJA changes affecting estate planning?

The TCJA doubled the federal estate and gift tax exemption to approximately $12 million per person through 2025, significantly reducing the number of estates subject to federal taxes. The law also maintained the annual gift tax exclusion and preserved the step-up in basis for inherited assets. These provisions are scheduled to sunset after 2025 unless Congress extends them.

News

Demystifying the 2025 Tax Debate: Impact on Estate and Gift Taxes

What will the expiration of key TCJA provisions mean for estate taxes in 2025? Discover how this might impact your estate planning strategies.

SimplyTrust EditorialApril 9, 2025