In 2024, the federal estate tax ranges from 18% to 40%, depending on how much the value of the estate exceeds the current exemption limit of $13.61 million. In addition to the federal tax ...

The federal estate and gift tax exemption changes from year to year. The current combined federal estate and gift tax exemption amount of ...

you may have to file a federal gift tax return (IRS Form 709). But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime estate and gift tax exemption. The 2024 ...

Note: Not to be confused with inheritance tax (which is levied on the heirs of the deceased), the limit for the federal estate tax (levied on the estate) is quite high (i.e., $13.99 million for ...

As we enter 2025, it’s important to stay informed about the current federal estate and gift tax laws, including annual exclusion limits ...

Here's what to keep an eye on, what to expect and how to prepare your estate planning strategy in light of potential changes.

There are adjustments to the tax brackets, so if you fall into the lower brackets you could see more in your take-home pay.

Some financial advisors are readying their clients for the possibility of an extension of the TCJA, which is set to expire at ...

The federal gift tax might sound complicated ... Everyone has an annual and a lifetime gift tax limit. Gift and estate taxes primarily apply to large gifts made while you're alive or that you ...

Even if a client's net worth is under the federal estate tax exemption limits, financial advisors can help their high-net-worth clients minimize taxes by planning ahead and implementing certain ...