The estate tax exclusion has increased to $11.7 million from $11.58 million in 2021. This amount is scheduled to drop back to $5 million adjusted for inflation on 1/1/2026. This is estimated to be between $6 million and $7 million. If you have an estate of $6 million or more, consideration should be given to making a portability election on form 706 to transfer a deceased spouse's unused exclusion to the surviving spouse prior to 2026.
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