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Federal and Maryland Estate Tax Law Update

Esther A. Streete | July 2025

The One Big Beautiful Bill Act permanently raises the federal estate, gift, and GST tax exemptions to $15 million starting in 2026, eliminating previous sunset provisions and maintaining the 40% tax rate. Maryland’s estate tax exemption remains $5 million, with portability and lifetime gifting continuing to offer valuable planning opportunities. It’s essential to review your estate plan to ensure it aligns with these significant changes. Full Article