The Tax Cuts and Jobs Act ("TCJA") caused the gift, estate, and gift-skipping transfer ("GST") tax exemptions to be $11.7 million per person in 2021. However, it is scheduled to decrease to $5 million, adjusted for inflation on January 1, 2026. Have you been planning for that cliff? Even scarier for estate tax planning...
Showing posts with label 50% Decrease in Gift and Estate Tax Exemption. Show all posts
Showing posts with label 50% Decrease in Gift and Estate Tax Exemption. Show all posts
Wednesday, September 22, 2021
22
Sep