On Again / Off Again – Estate Tax Repeal Efforts

Contributed by Carolyn A.W. Whitworth

The Senate version of the Tax Cuts and Jobs Act includes the House Bill’s increases in federal estate and gift tax exemption amounts – doubling the base amount from $5 million to $10 million (indexed for inflation) – but omits the repeal of the estate tax, making the eventual repeal anticipated in the House Bill unlikely.

For additional information, please contact Carolyn Whitworth.