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Gift Tax Annual Exclusion

Planning your estate? Don’t overlook income taxes

Capital Gains, Estate Planning, Estate Tax, Federal Estate Tax, Gift and Estate Tax /

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a much smaller exemption resulted in many people with more modest estates attempting to avoid it. But since many estates won’t currently be subject to estate […]

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Plan now for year-end gifts with the gift tax annual exclusion

Estate Planning, Estate Tax, Gift and Estate Tax, Gift Tax /

Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any

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