Tag Archives: Exemption
Preparing for the Sunset of the Present Gift and Estate Tax Exemption
The 2017 Tax Cuts and Jobs Act (TCJA) doubled the federal gift and estate tax exemption. It presently allows an individual to shield up to $13.61 million from estate or gift tax over their lifetime. However, when the provisions sunset at the end of 2025, the exemption will revert to about $5 million per individual […]