The Tax Cuts and Jobs Act, Public Law 115-97, 131 Stat. 2504 (2017) (TCJA) is the tax reform legislation that was enacted in December 2017.

Section amended IRC § 2010(c)(3) to increase the gift and estate tax exclusion amounts from $5 million to $10 million per individual for tax years 2018 through 2025, with both dollar amounts adjusted for inflation. On January 1, 2026, the exclusion amount is scheduled to revert to $5 million as adjusted for inflation.