Hayley Sukienik

Hayley Sukienik

Hinshaw & Culbertson LLP

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Use It or Lose It: Federal Gift and Estate Tax Exemption Set to Sunset at the End of 2025

The Tax Cuts and Jobs Act (TCJA) of 2017 nearly doubled the federal lifetime gift and estate tax exemption. In 2024, this act currently allows individuals to transfer up to $13.61 million per person and $27.22 million per...more

10/7/2024  /  Estate-Tax Exemption , Gift-Tax Exemption , High Net-Worth , Income Taxes , Internal Revenue Code (IRC) , IRS , Tax Cuts and Jobs Act , Tax Reform , Wealth Management
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