Make Gifts Now to Lock in Estate Tax Savings

Posted on Oct 19, 2020

In 2017, Congress passed the Tax Cuts and Jobs Act (the “TCJA”), which increased the lifetime individual exemption from estate and gift tax to $10 million. The exemption is adjusted for inflation from time to time, so the exemption for 2020 is now $11.58 million (over $23 million for married couples). The TCJA also provides, […]