Page 37 - Tax reforms - Individuals
P. 37

Estate and Gift Tax (7/8)

















                                    Due               Inflation
                                Diligence.         Adjustments.



                                                                                                       Estate & Gift
                    Taxpayer                                                                                    Tax
                    Advocate                                    International
                     Service.                                     Holdings.

                                              Tax                                               The TCJA temporarily
                                           Reforms                                              increased the basic
                                                                                                exclusion amount from $5

                       Estate and                          Opportunity                          million to $10 million for tax
                         Gift Tax.                            zones.                            years 2018 through 2025,
                                                                                                with both dollar amounts
                                          IRS Levy.
                                                                                                adjusted for inflation.











    https://lentcpa.com                                                                                                              35
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