The federal estate tax exemption for 2025 is set at $13.99 million per person. This exemption allows individuals to transfer a substantial portion of their estate to heirs without incurring federal ...
The federal estate tax exemption amount went up again for 2024. A higher exemption means more estates may be exempt from the federal tax this year, which can save heirs from a hefty tax bill. The ...
The IRS recently announced that the annual gift tax exclusion is increasing to $18,000, per recipient for 2024. This is the highest the exclusion has ever been. This change is effective January 1, ...
The One Big Beautiful Bill Act (OBBBA) has made a significant impact on how Americans can pass down their homes and the wealth associated with them. The act permanently expands the federal estate tax ...
Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly ...
A federal bill proposed this week would affirm that nonprofits and charities are not receiving federal “financial assistance” simply by being granted a tax-exempt status. The Safeguarding Charity Act, ...
In this article, we consider the current environment and congressional discussions related to the potential removal or cap of the municipal tax exemption. We see the outright removal of the federal ...
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