The OBBB Act introduces notable adjustments to estate planning thresholds and charitable giving rules, offering families new opportunities to strengthen wealth transfer strategies.
1. Higher Estate and Gift Tax Exemptions
Beginning in 2026, the federal estate and gift tax exemptions rise to:
$15 million for individuals
$30 million for married couples
These levels increase from the prior $13.99 million and $27.98 million. The change provides additional room for high-net-worth families to transfer wealth tax efficiently. However, as with any tax law, future legislative changes could modify these thresholds, making ongoing planning important.
2. Charitable Contributions Now Deductible Without Itemizing
The law allows charitable deductions of:
$1,000 for individuals
$2,000 for married couples
These contributions are deductible even if taxpayers do not itemize, and the amounts will adjust with inflation. This provision encourages philanthropy by making giving more accessible to a broader set of households.
Because estate tax law evolves frequently, families interested in multigenerational planning may find these provisions helpful as part of a broader wealth preservation approach.
Sources 1. Congress.gov, July 4, 2025 2. Internal Revenue Service, July 25, 2025. 3. Internal Revenue Service, July 25, 2025.