Transfer tax basic exclusion (2026)
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Definition
Basic exclusion and GST exemption 15,000,000; annual gift exclusion 19,000; top rate 40%. The 2025 Act removed the scheduled reversion.
Transfer tax basic exclusion (2026) in plain English
A couple walks in convinced the estate tax exclusion "sunsets back to about 7 million," so they want to gift half the farm this year. Under 2026 numbers the basic exclusion and GST exemption are 15,000,000, the annual gift exclusion is $19,000, and the top rate stays 40%. The 2025 Act removed that scheduled reversion. If a choice still teaches the old sunset story, treat it as Stale Law and discard it before you redesign gifts or bypass funding.
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