Estate Tax Credit Exemption 2026

[DTrim99]

When TCJA expires in 2026 the Estate Tax Credut Exemption will drop to its pre-TCJA amount which is $5,000,000 adjusted for inflation since 2011. To calculate you can use the 2017 value in the web app ($5,490,000) and then uprate using Chained CPI for 2026-2034. Values are rounded to the nearest ten thousand.

Referencehttps://www.congress.gov/115/statute/STATUTE-131/STATUTE-131-Pg2054.pdf

policyengine-us/policyengine_us/parameters/gov/irs/credits/estate/base.yaml

Lines 1 to 54 in deb7c0c

	description: The IRS provides this base exclusion amount under the estate tax credit.
	metadata:
	unit: currency-USD
	label: Estate tax credit base exclusion amount
	period: year
	reference:
	- title: 26 U.S. Code § 2010 - Unified credit against estate tax - (c)(3)(A)
	href: https://www.law.cornell.edu/uscode/text/26/2010
	- title: What's New - Estate and Gift Tax - Basic Exclusion Amount for Year of Death
	href: https://www.irs.gov/businesses/small-businesses-self-employed/whats-new-estate-and-gift-tax
	- title: "26 CFR 601.602: Tax forms and instructions."
	href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=18
	- title: Instructions for Form 706 (Rev. September 2023) (1977-2023)
	href: https://www.irs.gov/pub/irs-pdf/i706.pdf#page=9
	- title: Instructions for Form 706 (Rev. September 2022) (1977-2022)
	href: https://www.irs.gov/pub/irs-prior/i706--2022.pdf#page=9
	- title: Instructions for Form 706 (Rev. September 2021) (1977-2021)
	href: https://www.irs.gov/pub/irs-prior/i706--2021.pdf#page=9
	uprating:
	parameter: gov.irs.uprating
	rounding:
	type: nearest
	interval: 10_000
	values:
	1977-01-01: 30_000
	1977-07-01: 120_667
	1978-01-01: 134_000
	1979-01-01: 147_333
	1980-01-01: 161_563
	1981-01-01: 175_625
	1982-01-01: 225_000
	1983-01-01: 275_000
	1984-01-01: 325_000
	1985-01-01: 400_000
	1986-01-01: 500_000
	1987-01-01: 600_000
	1998-01-01: 625_000
	1999-01-01: 650_000
	2000-01-01: 675_000
	2002-01-01: 1_000_000
	2011-01-01: 5_000_000
	2012-01-01: 5_120_000
	2013-01-01: 5_250_000
	2014-01-01: 5_340_000
	2015-01-01: 5_430_000
	2016-01-01: 5_450_000
	2017-01-01: 5_490_000
	2018-01-01: 11_180_000
	2019-01-01: 11_400_000
	2020-01-01: 11_580_000
	2021-01-01: 11_700_000
	2022-01-01: 12_060_000
	2023-01-01: 12_920_000
	2024-01-01: 13_610_000