Originally Posted by mellincf

A family of four prior to the tax changes would have had a standard deduction of $12,700 and four exemptions worth $16,200 combined, so their first $28,900 would be tax-free. Under the new tax law, they would just get the $24,000 standard deduction, making an additional $4,900 subject to income taxes. But the good news is, if a couple passes on an estate valued at $25 million and they leave $3 million or more to charitable causes in their will from their estate, their heirs would pay no tax at all on this inheritance.