Consider Acting Now Before Estate Exemptions Go Down

The 2017 passage of the Tax Cuts and Jobs Act (TCJA) doubled the lifetime exemption available to individuals ($12.92M in 2023), reducing the number of estates subject to the estate tax. Barring legislative action, that exemption will revert to pre-TCJA numbers in 2026, potentially exposing many more estates to taxation at death. Individuals should lock in higher exemptions.