Estate Taxes Articles

Taxation & Representation: Tax Cuts & Business Deductions—Congress Takes Action

Sen. Daines, Rep. Smucker Introduce Bill to Extend and Make Permanent the Section 199A Deduction: On Jan. 23, Sen. Steve Daines (R-MT) introduced the Main Street Tax Certainty Act (S. 213), which would make permanent the Tax Cuts and Jobs Act (TCJA, Pub. L. 115-97)...

Bipartisan Bill Seeks to Cut Estate Tax—See What It Means for You

Rep. Jodey Arrington Introduces House Bill to Amend IRS Code to Reduce Rate of Tax on Estates, Gifts, and Generation-Skipping Transfers    H.R. 601 was introduced on January 22 and Referred to House Ways and Means, Budget Committees; Democrat Rep. Sanford D....

Key Tax Policy Updates from the Ways and Means Committee Hearing (January 22, 2025)

On January 22, 2025, the House Ways and Means Committee hosted a Member Day Hearing featuring testimony from 55 Members of Congress. The hearing addressed critical tax policy priorities for the 119th Congress, including:     The extension of the Tax Cuts and Jobs...

Taxation & Representation: Budget Committee Document Detailing Potential Tax Bill Provisions Circulated

Budget Committee Document Detailing Potential Tax Bill Provisions Circulated: A leaked list of policy options purported to have been developed by the House Budget Committee details potential revenue and policy options for a 2025 tax bill. The document includes limited...