The TCJA doubled the lifetime exclusion and GST tax exemption. This exclusion amount, adjusted for inflation, is now $13.61 million and is expected to be approximately $13.99 million in 2025. However, in 2026, the amount will...more
9/18/2024
/ Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Inflation Adjustments ,
Internal Revenue Code (IRC) ,
IRS ,
Spousal Lifetime Access Trust (SLAT) ,
Sunset Provisions ,
Tax Cuts and Jobs Act ,
Transfer Taxes ,
Trusts