"House Republicans Reintroduce Bill to Repeal Estate Tax"

House Republicans reintroduced the Death Tax Repeal Act to permanently repeal the federal estate tax, arguing that it penalizes families who have built successful farms, ranches, or small businesses. However, bipartisan support for repealing the tax is lacking, and experts believe it's unlikely to pass in the current split Congress. While the federal estate tax exemption has risen to $13.61 million per individual or $27.22 million for spouses in 2024, these limits are set to decrease after 2025. Additionally, only a small percentage of Americans are impacted by the estate tax, with most not being affected by the levy.