Farm business specialists say farmers should be aware of potential changes in the coming years to estate tax exemption limits, including a significant reduction in the estate tax threshold at the end of 2025 if Congress does not act.
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Estate tax exemption amounts may decrease in 2026
The estate tax exemption limit will be cut about in half starting in 2026 if Congress opts not to extend the current level. Farm families have some tools available if they are likely to be subject to estate taxes.
