What Will Happen To Estate Tax In 2025. Current lifetime estate tax exemption of $13,610,000 per person (for 2024) with a 40% tax rate will decrease to $5,000,000 per person (plus inflation. The estate tax exemption sunset is akin to a clock counting down to midnight on december 31, 2025.
The federal estate tax affects only the very wealthiest families in the united states. How will the sunsetting of the tax cuts and jobs act impact estate tax?