The US budget reconciliation Bill, signed by the president on 4 July 2025, raises the estate and gift tax exemption to USD15 million for individuals and USD30 million for married couples. The thresholds will take effect from 2026.
The Bill permanently extends the higher thresholds first set by the Tax Cuts and Jobs Act 2017, although future rollbacks by congress cannot be ruled out. The Bill also eliminates the s.899 tax on investors from countries that impose taxes deemed unfair to US taxpayers and their subsidiaries.
