New tax law increases big beyond-the-grave tax break for the wealthy | CNN Business

CNN  — 

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

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Jeffrey Epstein-related books and TV shows have exploded amid Trump’s case-closed claims | CNN Business

CNN  —  A sudden resurgence of interest in Jeffrey Epstein, and unanswered questions about his crimes, has been...

This Massachusetts man became a millionaire twice in one night – thanks to a lucky lottery mistake | CNN Business

CNN  —  One lucky Massachusetts man bought two winning lottery tickets at two different stores, earning him a...

Meet the actor behind the viral ‘nothing beats a Jet2 holiday’ TikTok sound | CNN Business

Zoe Lister, a voice actor hired for Jet2's travel ads, told CNN what it's like to watch and hear her voice become a viral...