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Instructions for Form 706›(Rev. July 2026)

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Instruction 706 — Instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return · 2026-10-03 edition · updated 2026-10-04 · United States

Various dollar amounts and limitations indexed for inflation. For decedents dying in 2026, the following amounts are applicable.

  • The basic exclusion amount is $15,000,000.

  • The ceiling on special-use valuation is $1,460,000.

  • The amount used in figuring the 2% portion of estate tax payable in installments is $1,940,000.

  • The basic credit amount is $5,945,800.

The IRS will publish amounts for future years in annual revenue procedures.

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▸Contents — Instruction 706 — Instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return
Instruction 706 — Instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return

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