After months of intense negotiations, on July 4, 2025, the One Big Beautiful Bill (OBBB) was signed into law making various changes to the tax code that impacts estate, gift and income tax planning.
Increased Estate, Gift...more
7/22/2025
/ Capital Gains ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
New Legislation ,
One Big Beautiful Bill Act ,
Qualified Small Business Stock ,
SALT ,
State Taxes ,
Tax Deductions ,
Tax Exemptions ,
Tax Planning
The arrival of 2025 brings with it increased estate and gift exclusion amounts. For an estate of any decedent dying during calendar year 2025, the Federal applicable exemption will increase from $13.61 million to $13.99...more