Jul 11, 2025 · The “Big Beautiful Bill” did not eliminate the estate tax. The federal estate tax is still in effect – albeit now with a much higher exemption that spares most estates.

On July 4, 2025, President Donald Trump signed into law the nearly 900-page One Big Beautiful Bill, a comprehensive package of tax cuts and fiscal policy changes. The bill includes...

Jul 14, 2025 · The One Big Beautiful Bill Act of 2025 (OBBBA), recently enacted under the Trump Administration, includes a major overhaul of the federal estate and gift tax exemption.

May 15, 2025 · Both the House and Senate bills would generally make permanent the tax provisions of the TCJA. Both bills also would temporarily provide for tax benefits promised by the president for tip …

Jun 5, 2025 · President Trump’s One, Big, Beautiful Bill seeks to increase the estate tax exemption even more. If the bill is passed and signed into law, the new exemption will rise to $15 million per …

Jul 15, 2025 · While the new legislation does reduce or eliminate the federal estate tax risk for most estates, it does not affect state level estate taxes for those states that have them (Michigan does …

May 24, 2025 · In short – No, it doesn’t (see: Kiplinger’s and other online sources). It does however increase the federal estate tax exemption from $13.99M to $15M per person. Remember, this is NOT …

Jul 22, 2025 · The recently enacted One Big Beautiful Bill Act has brought about significant changes to the long-term estate planning landscape by permanently increasing the federal lifetime gift, estate …

Jul 14, 2025 · President Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4, 2025, after strong debate about certain sunsetting provisions in the 2017 Tax Cuts and Jobs Act (TCJA).

Jul 23, 2025 · Critics argue the bill mainly helps the wealthy and could increase the federal deficit by more than $200 billion over 10 years. Still, for families planning to pass down large estates, this …