A new law raises the federal estate tax exemption to $15 million. Here’s how it affects homeowners, heirs, and real estate-heavy estates.

The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.

The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.