IRS Says Increased Gift and Estate Tax Exclusion Won't Harm Estates After 2025

by CPA Practice Advisor | Dec 02, 2018   ()

Taxpayers taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels, according to the IRS. The Treasury Department and the IRS issued proposed regulations which  implement changes made by the 2017 Tax Cuts and Jobs Act (TCJA). 
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Source: CPA Practice Advisor

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