The estate and gift tax exemption was raised to $11,180,000 per person for 2018, and will increase based on inflation each year until 2026 when it will return to the amount before it was increased (approximately $6,000,000), but...Read More
Think before rushing to take advantage of the higher estate, gift and GST tax exemption (for wealthier individuals)
The new tax act (formerly known as the Tax Cuts and Jobs Act (“TCAJA”) that President Trump signed into law on December 22, 2017 doubles the estate and gift tax exemption (as well as the generation-skipping tax (“GST”)...Read More
Tax Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.