New Estate Tax Limits Highlight Need to Plan
Every year, the IRS announces inflation-adjusted numbers for all kinds of tax-related things. Estate and gift tax limits are among them, and the 2020 numbers are here. The new estate tax limits will be $11.58 million per person, up from $11.4 million. The same figure applies to lifetime gift tax exclusion, as well. That means […]
Estate Taxes, Crystal Balls and What Might Happen This Year
MAY 24, 2010 VOLUME 17, NUMBER 17 There is no estate tax in 2010. But there might be. When will we know? What should you do? Estate planning attorneys have joked darkly (as a group, we often have slightly off-kilter senses of humor) that 2010 is the year to die. Because of Congressional plans first […]