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2. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/finance/irs-increases-gift-estate...

   Barring an extension or new legislation, the lifetime estate and gift tax exemption is due to revert to the pre-2017 Tax Cuts and Jobs Act level of $5.49 million at midnight on Dec. 31, 2025.

3. Trump Era Tax Cuts Are Set To Expire — Here’s How Much More ...

   www.aol.com/trump-era-tax-cuts-set-160750264.html

   The TCJA doubled the estate and gift tax exemption for individuals, from $5.49 million in 2017 to $11.18 million in 2018. Adjusted for inflation, the exemption was $12.06 million in 2022 and ...

4. Rich Americans may be about to lose a special tax benefit ...

   www.aol.com/finance/rich-americans-may-lose...

   In 2025, the federal estate and lifetime gift tax exemption will be cut in half. Rich Americans may be about to lose a special tax benefit they love — and now they're all racing to make this 1 ...

5. Estate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Estate_tax_in_the_United...

   The fiscal year 2014 budget called for returning the estate tax exclusion, the generation-skipping transfer tax and the gift-tax exemption to the 2009 level, $3.5 million, in 2018. [45] The exemption amounts set by the Tax Cuts and Jobs Act of 2017 , $11,180,000 for 2018 and $11,400,000 for 2019 again have a sunset and will expire 12/31/2025

6. Inheritance Tax: What It Is, Who Pays and State-Specific Rules

   www.aol.com/much-inheritance-tax-rates-limits...

   Inheritance Tax vs. Estate Tax. Estate taxes are charged to an estate that surpassed the lifetime gift and estate tax exemption. This is a federal tax, but some states may also charge an estate ...

7. The 2025 tax brackets are here. How much will you owe? - AOL

   www.aol.com/finance/2025-tax-brackets-much-owe...

   The IRS announced that income tax bracket thresholds will rise by about 2.8% for 2025. The modest increase reflects a slowdown in inflation. ... is $17,280 in 2025, up from $16,810 in 2024. Estate ...

8. Generation-skipping transfer tax - Wikipedia

   en.wikipedia.org/wiki/Generation-skipping...

   The exemption amount is increased annually by an inflation adjustment as is the estate/gift tax exemption. With the enactment of the Tax Cuts and Jobs Act of 2017, these exemptions were doubled through December 31, 2025. Thus, as of January 1, 2024, the GST exemption amount is $13.61 million per person (inclusive of the inflation adjustment ...

9. Estate Tax vs. Inheritance Tax: What’s the Difference? - AOL

   www.aol.com/estate-tax-vs-inheritance-tax...

   The annual gift tax exclusion allows you to give up to $18,000 per person (as of 2024) without incurring gift tax. Establishing trusts can help manage your estate and potentially reduce estate taxes.