It is tempting to think that the budget conflicts in Washington today are something new and different from an ongoing dialogue going on for at least 25 years and more. The most recent major discussion ...

The NYU professor takes aim at the estate tax exemption.

When a parent passes away, grief and exhaustion tend to take over quickly, crowding out nearly everything else. In the months ...

The recently enacted One Big Beautiful Bill Act (OBBBA) brings sweeping and permanent changes to the federal estate, gift and generation-skipping transfer (GST) tax landscape. Most notably, it ...

Quick ReadClearing the federal estate tax threshold does not mean your heirs are safe. Several states set their own line far ...

While the federal estate tax exemption rose to $15 million in 2025, New York’s exemption remains at about $7.16 million, with a “cliff” that heavily taxes estates just above that amount. Proper ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Congressional Republicans are advancing a proposal to permanently ...

The estate tax only applies in select circumstances. But when it does, this tax on the value of a deceased person's estate can result in a sizable bill. If President Trump's tax-and-spending bill is ...

Income in respect of a decedent (IRD) is money owed to a person before they passed away (e.g., wages). The person or entity ...

Americans pay taxes throughout their lives. They may think they're done once they die. Not so. An estate tax can still be levied on things the deceased owned or had certain interests in when they die.