The IRS has released important inflation adjustments for the 2025 tax year, which will impact individual taxpayers and estates. Individuals and families may find themselves in different tax brackets, potentially reducing or increasing their tax burden. From an estate planning perspective, knowing these 2025 tax adjustments in advance can help individuals and families plan accordingly. This is especially important with the expiration of many provisions of the Tax Cuts and Jobs Act (“TCJA”) after December 31, 2025.