Procopio

A key benefit to families with taxable estates may be about to go away. The Tax Reform Act of 2017 incorporated numerous tax reductions into U.S. law, with one significantly increasing the ability of taxable estate owners to provide substantial gifts to others tax-free. However, the Act is scheduled to expire on December 31, 2025. Without a congressional extension, this sunset would revert the U.S. tax code to provisions prior to the law’s enactment.

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