LIEB BLOG

Legal Analysts

Showing posts with label Build Back Better Act. Show all posts
Showing posts with label Build Back Better Act. Show all posts

Wednesday, September 22, 2021

22 Sep

Estate Tax Exemption is About to be 1/2'd - Get Planning Now

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...