The One Big Beautiful Bill Act (OBBBA) makes permanent the federal estate tax exemption, increasing it to $15 million per person starting in 2026. Wealthy families can transfer up to $30 million tax-free. Prior to this law, the exemption was set to decrease significantly in 2026. The OBBBA provides assurance for high net worth individuals and families in expensive markets regarding their estate plans, as it allows them to transfer more wealth without the concern of a reduction in exemption levels.
The One Big Beautiful Bill Act (OBBBA) permanently expands the federal estate tax exemption, allowing families to transfer up to $30 million tax-free without expiration.
Starting in 2026, the federal estate tax exemption will increase from $13.99 million to $15 million per person, with annual adjustments for inflation thereafter.
Wealthy families and those in expensive housing markets can benefit significantly, as the new law eliminates the previous sunset clause set to reduce the exemption.
Homeowners may need to revisit estate plans to ensure they are in line with the updated tax code, offering more flexibility and clarity for legacy planning.
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