As part of the Tax Cuts and Jobs Act (TCJA), the estate and gift tax exemption was doubled for tax years 2018-2025. In 2018, the exemption doubled from $5.49 million in 2017 to $11.18 million in 2018, and that amount has been...more
7/15/2024
/ Estate Planning ,
Gift Tax ,
Gift-Tax Exemption ,
High Net-Worth ,
Income Taxes ,
Irrevocable Trusts ,
IRS ,
SLAT ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Wealth Management
Recent comments by Cathy Hughes, an Estate and Gift Tax Attorney Advisor in the Office of Tax Policy at the U.S. Treasury Department, indicated that the department may issue proposed regulations as early as September 2015...more