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Wills, Estates & Trusts,

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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