The law permanently maintains the $5 million exemption amount, indexed to inflation. As of 2016, the inflation adjust amount is $5.45 million.
Unification: The estate and gift taxes are permanently unified. This establishes a single graduated rate schedule for both the estate and gift taxes, simplifying estate planning.
Spousal portability: The law permanently allows couples to transfer any unused exemption to the surviving spouse under simplified rules.
Read the FBETC Letter in Support of Sen. Thune's Amendment to Repeal the Estate Tax (3/21/13)
Read the FBETC Letter to Congressional Leadership Urging them to Take Action on the Estate Tax this year (11/15/2012)
Family Business Estate Tax Coalition Responds to President’s SOTU Tax Plan