As Featured in NJBIZ: OBBBA Tax Changes Reshape Estate, Gift Planning by Gary R. Botwinick

“Proactive planning now will help ensure you and your family are well positioned for the next decade of federal tax policy.”

In the NJBIZ article “OBBBA tax changes reshape estate, gift planning for 2026,” Einhorn, Barbarito, Frost, Botwinick, Nunn & Musmanno, PC Managing Partner and Chair of the Firm’s Wills, Trusts & Estates and Taxation practice groups Gary R. Botwinick writes:

“With 2025 drawing to a close, the tax landscape looks very different from where we stood just 12 months ago. The passage of the One Big Beautiful Bill Act (OBBBA) has rewritten several key components of federal estate, gift and income tax planning. These changes affect high-net-worth families, business owners, and anyone seeking to make tax-efficient gifts or charitable transfers. While many provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) were scheduled to sunset at the end of 2025, Congress passed new legislation – the One Big Beautiful Bill Act – to create a new regime for exemption levels, charitable deductions, and state and local tax (SALT) deductibility.”

Gary’s article summarizes what changed, what remains uncertain and the planning steps worth considering before year-end.

• Annual Gift Tax Exclusion for 2026
• Lifetime Estate and Gift Tax Exemption Under OBBBA
• Charitable Deduction Reform Under OBBBA
• State and Local Tax Deduction Treatment Under OBBBA

To read the full article, click here.