Death Tax Repeal Act of 2025

# Death Tax Repeal Act of 2025 - Summary **What the Bill Would Do** This bill would eliminate the federal estate tax, commonly called the "death tax." Currently, when wealthy individuals pass large amounts of money or property to heirs, the federal government can tax that inheritance above a certain threshold (currently around $13.61 million per person as of 2024). If passed, this bill would completely remove that tax, meaning estates of any size could be passed to heirs without federal estate tax liability. **Who It Affects and Key Details** This change would primarily benefit wealthy families and large estates, as most Americans don't have enough assets to owe estate taxes under current rules. The bill also raises questions about revenue—eliminating this tax would reduce federal government income.

The bill is currently in committee, meaning it's in the early stages of the legislative process and hasn't been voted on by the full Senate yet. Senator John Thune, a Republican from South Dakota, introduced the bill. **Current Status** As of now, the bill remains in committee and has not advanced to a full Senate vote.