2023 Exemptions and Exclusions

The Internal Revenue Service has announced inflation adjustments to exemptions and exclusions for estate, gift and generation-skipping transfer taxes for tax year 2023. For gifts made in 2023 and for estates of decedents who die in 2023, the estate tax, gift tax and generation-skipping transfer tax exemption amount is $12,920,000 (or $25,840,000 for a married […]

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