Federal: Estate Tax Credits

The federal estate-tax exclusion amount increases to $13.99 million from $13.61 million in 2024. What’s not changing?

• The personal exemptions remain at $0 for tax year 2025. The elimination of the personal exemption was part of the TCJA.
• The maximum child tax credit is $2,000 per qualifying child, with a refundable amount of $1,700.