IRS REGULATIONS PROTECT LARGE GIFTS TODAY EVEN IF GIFT TAX EXEMPTION DECREASES LATER

♠ Posted by Marc J. Soss in 2018 federal gift tax exemption,federal estate tax exclusion,federal gift tax exclusion,federal gift taxes at Friday, November 30, 2018

On November 20, 2018, the IRS announced that individuals taking advantage of the 2018 through 2025 increased gift and estate tax exclusion amounts will not be adversely impacted if, after 2025, the exclusion amount reverts to pre-2018 levels. The Treasury Department and the IRS issued proposed regulations which implement this announcement so that individuals planning to make large gifts between 2018 and 2025 can do so without concern. To learn more please contact me directly.