The One Big Beautiful Bill (OBBB), which passed on July 3 and was signed by President Donald Trump on July 4, increases the amount individuals may transfer for federal estate, gift, and generation-skipping transfer tax...more
7/8/2025
/ Budget Reconciliation ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
New Legislation ,
Popular ,
Tax Cuts and Jobs Act ,
Tax Exemptions ,
Tax Reform ,
Taxation ,
Trump Administration ,
Wealth Management
The Gift and Estate Tax Exclusion is currently scheduled to be reduced by approximately 50% in about 13 months. Without action from Congress, on January 1, 2026, the Exclusion will go from almost $14 million to about $7...more
The Internal Revenue Service recently announced the 2025 cost of living adjustments for the estate and gift tax exclusion amounts.
The Gift Tax Exclusion Amount is the amount an individual may gift to any number of persons...more
The Internal Revenue Service recently announced the 2024 cost of living adjustments for the estate and gift tax exclusion amounts.
Gift Tax Exclusion Amount -
The Gift Tax Exclusion Amount is the amount an individual...more
The Internal Revenue Service recently announced the 2023 cost of living adjustments for the estate and gift tax exclusion amounts.
Gift Tax Exclusion Amount:
The annual gift tax exclusion is the amount...more