One Minute Tax Update

Posted on: 02/22/2018

The 2017 Tax Cuts and Jobs Act brings major federal tax changes. Important to us estate planning attorneys, the new law doubles the estate and gift tax exemption, from $5.49 million in 2017 to approximately $11.2 million in 2018. The new tax law maintains “portability” (which allows surviving spouses to use their deceased spouse’s unused exemption), meaning a married couple’s combined estate […]

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