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Estate & Gift Tax Changes and SALT Cap Update: What the One Big Beautiful Bill Means for You

Estate & Gift Tax Changes and SALT Cap Update: What the One Big Beautiful Bill Means for You

BE Informed
5 min
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Brown Edwards tax experts Jacob Reeves and Marie Wimmer break down key provisions from the One Big Beautiful Bill (OB3), including the permanent increase of the estate and gift tax exemption to $15 million and the temporary expansion of the SALT cap to $40,000 through 2029. Learn how these changes may impact your tax planning and what pass-through entity owners need to know about state tax workarounds.