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Tax
Feb. 12, 2024
Pre-2026 gift and estate tax planning strategies
The Tax Cuts and Jobs Act of 2017 increased the lifetime estate and gift tax exemptions, but this provision is set to expire by the end of 2025 unless Congress intervenes.
Tiffany Halimi
Principal Attorney, Offit Kurman, Attorneys at Law
Bret R. Carter
Shareholder, Offit Kurman, Attorneys at Law
At the stroke of midnight on Dec. 31, 2025, we face the potential expiration of a much-discussed estate tax provision within the federal Tax Cuts and Jobs Act (TC&JA). If allowed to sunset, the existing thresholds for lifetime estate and gift tax exemptions will be cut in half, presenting a risk of heightened tax liability for specific estates.
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