The $13 Million Inheritance Tax Exclusion and Its Impending Sunset: What It Means for Estate Planning
n 2017, the Tax Cuts and Jobs Act (TCJA) significantly increased the federal estate and gift tax exemption, allowing individuals to pass up to $11.18 million (adjusted for inflation) to heirs tax-free. As of 2024, this exemption has risen to approximately $13.61 million per individual or $27.22 m...