Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. In the current political environment, it’s very likely the current ...

As part of the Tax Cuts and Jobs Act of 2017, the lifetime estate and gift tax exemption — how much money a taxpayer could give away before paying estate tax — was doubled. Before 2017, the maximum ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. When markets falter, many investors instinctively tighten their grip on their ...

With the Tax Cuts and Jobs Act (TCJA) sunset provision set to expire December 31, 2025, America’s wealthiest families may have just six months to transfer up to $28 million tax-free. Without ...

Although the “Big Beautiful Bill” raised the federal estate tax exemption to $15 million per person, state estate taxes have much lower exemptions in many states. Oregon is the lowest, with a $1 ...

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion is increasing in 2025 due to inflation. The exclusion will be $19,000 per recipient for 2025—the highest ...

While we will not know the impact of the recent elections on federal tax legislation, we do know that the federal estate and gift tax exemptions are set to change in 2025, bringing new limits that ...