The Working Families Tax Cuts Bill (WFTC) was signed into law on July 4, 2025 as Public Law 119-21. WFTC amends § 2010(c)(3) by increasing the basic exclusion amount to $15,000,000 for calendar year 2026.

Modernized e-File (MeF) for gift taxes now offers a secure and accurate way to file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return and Form 709-NA, United States Gift (and Generation-Skipping Transfer) Tax Return of Nonresident Not a Citizen of the United States →

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us/guidance/irs/whats-new-estate-and-gift-tax/block-1 — Working Families Tax Cuts · Axiom

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US Federal
Guidance
IRS
Whats New Estate And Gift Tax
Block 1

Working Families Tax Cuts

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