31, two generous federal tax exemptions are set to expire: 1. One is the federal estate tax exemption. For 2025, that amount is $13.99 million per person, or $27.98 million for a married couple.

The cost of inheriting the family farm will increase dramatically at the end of the year if Congress doesn’t take steps to extend the elevated estate tax exemption. American Farm Bureau economists ...

(KWQC) - Illinois lawmakers discussed several issues related to farming, including the Illinois estate tax on Wednesday ... change increases the tax credit exemption from $4 million to $6 million.

The Washington Examiner recently published an editorial arguing that credit unions have strayed from their original mission and no longer deserve their federal tax exemption. The piece claimed ...

Without Congressional action, the estate tax exemption will drop to pre-2017 levels. Samantha Ayoub, an associate economist with the American Farm Bureau Federation, explains the state of play. Ayoub: ...

The estate tax, also called the “death” tax, turns a time of mourning into a race against time to pay a government bill. Exactly nine months after the death of a family leader, some farm families owe ...

Staunton City Council approved a $164.5 million budget that includes a real estate tax increase from 89 to 91 cents per $100 of assessed value. The tax increase, effective January 1, 2025, aims to ...

The TCJA, enacted in 2017, significantly increased the federal estate tax exemption to approximately $14 million per individual, and $28 million per couple, for 2025, according to a Fidelity report.