To Gift or Not to Gift by Christopher G. Price, Esquire
Increased Exemption Amounts Provide Window of Opportunity Before Sunset As part of the Tax Cut and Jobs Act of 2017, the estate and gift tax exemption amount increased from $5M to $10M per taxpayer. This exemption amount is indexed for inflation each year. In November, the IRS announced the 2020 inflation adjusted estate and gift tax exemption amount. For 2020, the exemption amount […]