Tag Archive: gift tax

Federal Estate Tax Exemption Update: Planning for the 2025 Reduction

Federal Estate Tax Exemption: Planning for 2025

by | November 21, 2024

As we approach the end of 2024, the impending reduction of the federal estate and gift tax exemption continues to be a key consideration for estate planning. The current exemption levels, set by the Tax Cuts & Jobs Act of 2017, remain at historically high levels of $13.61 million per individual and $27.22 million for... View Article