President Trump’s first months in office have brought a whirlwind of policy developments, and more changes appear to be on the horizon. As trade discussions take a back seat, federal tax policy is moving to the forefront.
The 2017 Tax Cuts and Jobs Act (TCJA) brought many changes to the tax code, one of the most significant being the doubling of the estate and gift tax exemption. For 2025, the individual exemption is $13.99 million and a whopping $27.98 million when combined with a spouse.
