On July 3, 2025, the US House of Representatives passed President Trump's tax bill, dubbed the "One Big Beautiful Bill," extending Trump's 2017 tax cuts. The bill makes the estate tax permanent and increases the estate tax exemption to $15 million per person or $30 million for married couples. The exemption will be indexed for inflation. Below is a brief summary of President Trump's tax bill by Leimberg Information Services. LISI Homepage
|
How H.R.1 (119th Congress, 2025) affects estate planning
A summary of how Trump's tax bill affects estate planning by Leimberg Services
Collins & Collins, P.A. Attorneys at Law serve clients throughout Upstate South Carolina in Greenville County, Spartanburg County, Anderson County, and bordering North Carolina counties of Henderson and Buncombe and their surrounding areas.