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Question

What happens to my gifts if Congress lowers the exemption later?

Answer

IRS regulations finalized in 2019 generally protect exemption you’ve already used if the exemption later drops, though certain transfers may not qualify. Exemption you haven’t used has no such protection.

Related FAQs

Which is better: a GRAT or a sale to a grantor trust?

Where can I learn more about tax-free gifting options?

Is there still a reason to act now that the exemption is permanent?
Estate Planning Tax Planning Impact of New Laws OBBBA Generational Wealth Year-Round Tax Planning FAQs
Last Updated Oct. 14, 2026
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