The Amazing and Likely Disappearing $5 Million Gift Exemption?

Posted on Mar 27, 2012

Current law allows tax free gifts up to $5,120,000 per taxpayer. However, this tax free amount is scheduled to fall to $1 million on January 1, 2013. What, if anything, should you do now? If you have the resources to make large gifts should they be completed before the end of the year? A married […]