The US federal estate tax has come a long way since 2000, when the exemption level was set at $675,000.
The amount has increased greatly over the past quarter century. Americans who die in 2025 may leave behind tax free to their heirs up to $13.99 million.
That exemption level had been set to expire after this year and snap back to a little more than $7 million per person.
But that won’t happen. Instead, starting in 2026, the exemption level will increase by roughly 7.2% to $15 million
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