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Ax Falls on Exemptions in 2026; Planning Right Now Will Save Your Family Business Millions
This is as good as it gets.
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Today, family businesses have never had it better when it comes to the estate tax lifetime exemption. But it all changes January 1, 2026.
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Unless new legislation is passed, January 1, 2026, is the date the most favorable estate tax exemptions in 50 years will come to a close, and exemptions will be cut in half.
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We’re talking significant dollars for family businesses that have worked hard to save money and build their businesses.
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The 2017 Tax Cuts and Jobs Act nearly doubled the lifetime estate and gift tax exemption from $5.6 million for individuals and $11.18 million for couples, to $11.18 million for individuals and $22.36 million for couples, indexed for inflation after 2018... (continue reading)
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Pat Soldano is president of Family Enterprise USA and Policy and Taxation Group. Both organizations are fighting for families and family businesses by reducing or eliminating unnecessary taxes and government regulation.
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About Family Enterprise USA
Family Enterprise USA promotes family business and job creation, growth, viability, and sustainability by advocating for family businesses, their lifetime of savings, and the issues they face running their businesses every day. The issues we fight for or against with Congress in Washington DC are high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and with the possible elimination of Step up in Basis. Family Enterprise USA represents and celebrates all sizes, and industries of family businesses and multi-generational employers. Family Enterprise USA is a 501(c)(3) non-profit organization. Family foundations can donate.
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Family Enterprise USA Sponsors
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