Articles Posted in Death Tax

Good news for taxpayers! The new tax bill was signed into law today. This law will extend for two additional years the Bush-era tax rates, including the 15 percent long-term capital gains and qualified dividends rate. It will provide substantial estate tax relief: the law will reintroduce the federal estate tax with higher exemption amounts,…

It “appears” the President will agree to a future estate tax with a $5 million exemption and a 35% tax rate, although he is getting tremendous resistance from his own party. We need to wait and see how this shakes out. Regardless of your political affiliation, note that this agreed exemption and rate are only…