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Exemptions › Tax Increases

Husch Blackwell LLP

The IRS is Expected to Adjust Certain 2023 Exclusions and Exemptions for Inflation

Husch Blackwell LLP on

The gift tax annual exclusion allows a taxpayer to gift a certain amount to a recipient each year without using any of the taxpayer’s lifetime exemption amount. In 2022, the annual exclusion amount was $16,000, or $32,000 for...more

Stinson LLP

What the New Kansas Income Tax Bill Will Mean for Individuals and Businesses

Stinson LLP on

The saga of Kansas income tax law changes concluded earlier this week when Kansas lawmakers overrode Gov. Sam Brownback's veto of a bill that dismantled the governor's signature tax cuts. With the state facing an estimated...more

Maynard Nexsen

House Tax Policy Review Committee Update - Public Policy Alert from the South Carolina State House - September 2016

Maynard Nexsen on

The House Tax Policy Review Committee held its third meeting on Tuesday, September 27th, to review property taxes across South Carolina. Frank Rainwater, Executive Director of the South Carolina Revenue and Fiscal Affairs...more

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