The hugely increased estate and gift tax exemption is indeed a tax cut for the rich.

Topics:  tax   
BING NEWS:
  • Estate Tax: Rates, Exclusions, and Impact on Gift and Inheritance Taxes
    Above those thresholds, the tax is usually assessed on a sliding basis. Rates typically begin in the single ... the rates for estate tax can be quite high, careful estate planning is advisable ...
    04/21/2024 - 1:00 pm | View Link
  • 41 States That Won’t Tax Social Security Income in 2024 (Updated)
    This article takes a look at the 41 states that won’t tax Social Security Income in ... managing director for financial planning, retirement income, and wealth management at the Schwab Center ...
    04/13/2024 - 5:01 am | View Link
  • Trump tells wealthy donors he wants to extend his 2017 tax cuts. Here’s why they’d benefit the most
    increased the standard deduction and child tax credit, limited or restricted certain itemized deductions and doubled the estate tax exemption, among other provisions.
    04/10/2024 - 1:55 am | View Link
  • Trump Era Tax Cuts Are Set To Expire — Here’s How Much More You’ll Pay
    Read More: IRS Increases Gift and Estate Tax Exempt Limits ... The top individual tax rate dropped from 39.6% to 37% under the terms of the Tax Cuts and Jobs Act (single filers making $578,126 ...
    04/8/2024 - 1:00 pm | View Link
  • The Most Overlooked Tax Deductions
    If you're planning to sell ... amount that you'd deduct in the future. For tax year 2023, the standard deduction is $13,850 for single and married filing separate taxpayers.
    11/24/2023 - 2:05 pm | View Link
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