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Re: fung_derf post# 430

Wednesday, 09/18/2024 2:27:37 PM

Wednesday, September 18, 2024 2:27:37 PM

Post# of 500
Derf, Good point about the estate tax exemption reverting back to the pre-Trump level. More and more people will be affected, after the big inflationary surge in home prices, etc. My dad passed away in 2020, and his estate was under the limit, but a sizable number of families will lose a bundle if the exemption reverts back to the previous amount -

>>> on January 1, 2026, the exemption is scheduled to automatically reset (or sunset) to $5,000,000, indexed to inflation (approximately $7,000,000), unless Congress acts prior to then. <<<



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