The Transitory Nature of the Estate Tax Exemption Amount
With $11.18 million of cover under the unified credit under the 2017 tax act, more estates than ever are exempt from federal estate tax. This is especially so for married individuals, who have double this amount and the benefits of portability to help make effective use of both spouse’s exemption amounts.
Clients need to be reminded that this exemption amount is NOT permanent. Come 2026. . .