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.

Sharon Chung, D-Bloomington, and state Sen. Dave Koehler, D-Peoria, to raise the estate tax exemption for family farms from $4 million to $6 million. Pritzker and Chesney had a brief exchange after ...

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 ...

The political calculus involved with the details of estate planning next year and beyond may be distracting financial advisors and clients from a larger, simpler conversation, one expert says.

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. When markets falter, many investors instinctively tighten their grip on ...

As of now, the TCJA’s increased estate and gift tax exemption—currently allowing individuals to shield approximately $14 million from federal estate tax—is scheduled to sunset at the end of ...