Trump Bill Would Raise Estate Tax Exemption to $15 Million and Make It Permanent
The big tax-and-spending bill in Congress would end a race against time by the wealthy to avoid estate taxes.
The bill passed in the House last month and the Senate Finance Committee proposal released Monday both would permanently allow people to hand their heirs $15 million without paying a dime. Under the current rules laid out in the 2017 tax law, today's nearly $14 million exemption would expire at year-end and drop by about half.
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