As part of the Tax Cuts and Jobs Act of 2017 (TCJA), the base level of the federal estate tax exemption was increased from $5 million to $10 million for 2018 through 2025, with inflation adjustments (Merrill, 26 USC §2010, Cornell - Estate Tax). President Trump and Congress are working to extend various provisions of the TCJA (AP). If the TCJA expires without being replaced and no other changes are made, the base level is scheduled to expire and will revert back to $5 million (adjusted for inflation), which would be approximately $7 million (Citizens Bank). Please note that the question is concerned with the actual total exemption in 2026, not merely the base level. For 2025, the federal estate tax exemption for individuals was $13,990,000 (IRS - Estate Tax).

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The question closed "Yes" with a closing date of 4 July 2025.

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