02/17/2026
Big Update for 2026: Estate & Gift Tax Changes You Should Know About
If you own land, a ranch, investment property, or have built serious equity over the years — this matters.
For 2026, the federal estate tax exemption has increased to:
➡️ $15 million per person
➡️ $30 million per married couple
That means you can pass up to that amount to your heirs without federal estate tax. Anything above that? It’s taxed at 40%.
The annual gift exclusion remains at $19,000 per person, per year — which can be a powerful planning tool if used wisely.
Why does this matter here in the Hill Country?
Because property values have climbed significantly over the years. Land that was purchased decades ago may be worth far more today than many families realize. Add in mineral rights, business interests, livestock, investments, and life insurance — and estates can grow quickly.
I’m not an attorney or CPA — but I do work with farm & ranch families every day. If you own appreciating property, now is a great time to:
✔️ Know your current market value
✔️ Understand how a sale could affect your estate
✔️ Visit with a trusted attorney or accountant
Planning ahead protects generational wealth. Waiting doesn’t.
If you’d like to know the current market value of your land or home, I’m happy to help. 🤠🏡
— Tami Irvin
Your Local Hill Country Realtor
We are ringing in 2026 with a change to the federal estate tax exemption. Understanding how estate and gift taxes are calculated and knowing the current exemption amounts are key components to a successful estate plan. Background As we have discussed numerous times on this blog and our Ag Law in the...