5 min2023 Estate and Gift Tax Report As described in this article, 2023 marks the highest estate and gift tax exemptions to date.
2 minHere We Go Again - Estate Tax Exemption May Be Reduced Come Next YearBill provisions reduce the Estate Tax Exemption from $11.7 Million down to $5 Million adjusted for inflation. effective next year.
3 minHow Biden's New Proposed Tax Plan Affects Estate Planning Biden's American Families Plan did not include provisions to expand estate taxes, and instead focused on capital gains.
4 minElection Result Could Warrant Making Gifts Now Instead of at DeathPeople are eager to look into ways to gift away assets now, taking advantage of the current gift and estate tax exemption.