In 2017, the federal gift and estate tax exemption was $5.49 million. The Tax Cuts and Jobs Act of 2017 doubled the gift and estate tax exemption amount to $11.18 million in 2018, and that amount has been adjusted for...more
With Democratic control of the White House and Congress, there has been much speculation on what President Biden’s tax proposal will look like, as well as the likelihood that President Biden’s tax plan will be enacted into...more
7/26/2021
/ Biden Administration ,
Capital Gains Tax ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
IRS ,
Popular ,
Regulatory Agenda ,
SLAT ,
Tax Exemptions ,
Tax Planning ,
Tax Reform ,
Transfer Taxes
On November 26, 2019, the Treasury Department and the IRS issued final regulations under IR-2019-189 confirming that there will be no “clawback” for gifts made under the increased estate and gift tax exclusion put in place by...more
1/3/2020
/ Clawbacks ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Gift-Tax Exemption ,
IRS ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Exemptions ,
Tax Planning ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
Wealth Management