Use It or Lose It: Estate Tax Exemption “Sunset”
Cherry Bekaert
JUNE 18, 2024
On December 31, 2025, the current federal lifetime estate and gift tax exemption amount is scheduled to revert to pre-2018 limits, effectively reducing the tax benefit by 50% 1. Though taxpayers currently enjoy historically high exemption amounts, the sunset will cause the exemption to decrease by roughly 50% after 2025.
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