Jay Scharf

Jay Scharf

McDermott Will & Schulte

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Window Closing for New Yorkers to Take Advantage of Expanded Federal Tax Exclusions and Exemptions

The federal gift and estate tax exclusions and the generation-skipping transfer (GST) tax exemption increased significantly under the Tax Cuts and Jobs Act of 2017 (TCJA). Recent inflation adjustments have expanded them even...more

1/18/2024  /  Estate Planning , Estate Tax , Exclusions , Generation-Skipping Transfer , Gift Tax , New York , State and Local Government , Tax Cuts and Jobs Act , Taxation

Expanded Federal Tax Exclusions and Exemptions Mean Greater Opportunities for New Yorkers

The federal gift and estate tax exclusions and the generation-skipping transfer (GST) tax exemption increased significantly under the Tax Cuts and Jobs Act of 2017 (TCJA). Recent inflation adjustments have expanded them even...more

9/1/2023  /  Estate Planning , Estate Tax , Exclusions , Gift Tax , New York , State and Local Government , Tax Cuts and Jobs Act , Taxation
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