skip to Main Content

New 2013 Gift Tax and Estate Tax Rates – Now What?

Congress surprised us again and passed the American Taxpayer Relief Act (don't you love the catchy name) on January 1 to temporarily avoid the fiscal cliff. Overall, the new law is much better than the experts expected. It extends the estate tax and gift tax exclusions of 2012 and even indexes them for inflation. In 2013, you can gift $5,250,000 with no gift tax. In 2013, you can die with $5,250,000 with…

Read More

Estate Tax What’s Next?

The politicians probably won't make any decisions on the 2013 estate tax until after the November election. Apparently, they don't want the voters to know how they would vote on this important issue before the election. Are you surprised? Here is the current status: In 2012, estates less than $5,120,000 (the exclusion amount) will not have to pay an estate tax, double that amount for married couples. However, unless the law is…

Read More
Load More
Back To Top