Law firms · cited in 7 of our stories.
The IRS's first 2026 get-ready notice is mostly about paperwork and direct deposit, but for high earners the run-up to January 1 also means a last chance to use several rules before they tighten under the new tax law.
National Philanthropic Trust says grants from its donor-advised funds grew 20% to $6.61 billion in fiscal 2025, a surge that coincides with new limits on the charitable deduction starting in 2026.
At 95, Warren Buffett converted 1,800 Class A shares into B shares worth more than $1.3 billion and said he will accelerate gifts while his children can still run the foundations.
In Estate of Rowland, a late Form 706 that reported only an estimated total value failed to carry a deceased wife's unused exclusion to her husband's much larger estate.
The new tax law sets the federal estate, gift and GST exemption at $15 million per person in 2026 with no sunset, removing the pressure that drove a surge in lifetime gifting.
The One Big Beautiful Bill Act makes the 2017 rate structure permanent but adds new limits on itemized and charitable deductions that land squarely on top-bracket households.
Smaller Washington estates now owe less, but estates above roughly $9 million pay more under a schedule that tops out at the highest state estate tax rate in the country.
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