Gift Tax Exclusion For 2025. In a significant update for estate planning and wealth management, the internal revenue service (irs) has announced an increase in the estate and gift tax exemption for 2025. The 2017 tax cuts and jobs act (tcja) nearly doubled the lifetime estate and gift tax exemption from $5.6 million to $11.18 million
The gift tax exemption allows individuals to transfer wealth to others during their lifetime, up to the $13,990,000, without incurring gift taxes, which facilitates strategic wealth. The irs recently announced increases in gift and estate tax exemptions for 2025.
Arkansas Razorbacks Mens Basketball Schedule 2025. The most comprehensive coverage on the web with highlights, scores, game summaries, schedule and[...]