Tax Cut and Jobs Act (TCJA) | Estate Tax | Tax Attorney Lexington, KY

Federal Estate Tax Exemptions Doubled

The Tax Cut and Jobs Act (TCJA) does not repeal the Federal estate tax, but it eliminates it for almost everyone by doubling the estate tax exemption to $11.2 million for individuals and $22.4 million for married couples. Amounts over these exemptions will be taxed at 40%. The new rates are effective starting January 1, 2018 through December 31, 2025.

These and other changes made by the TCJA may have a significant impact on your estate planning strategies. For more information about the TCJA’s provisions, visit our main informational page here. For help with your tax questions or concerns, call Gayheart and Campbell, PLLC at 859-276-6193 or request a consultation here.