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2. Tax-Free Inheritance: IRS Portability Rule Allows Transfer of ...

   www.aol.com/finance/tax-free-inheritance-irs...

   Given the potential reduction of the estate tax exemption in 2026, Hallock & Hallock recommends considering whether filing for portability makes sense if you have a spouse who died within the last ...

3. Could My Spouse Benefit from Portability in Estate Planning?

   www.aol.com/finance/could-spouse-benefit...

   The post Understanding Portability of the Estate Tax Exemption appeared first on SmartReads by SmartAsset. Estate planning could seem daunting, but it can also be made simpler by understanding key ...

4. 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

5. Estate Tax Rates, Limits, Exemptions and Other Rules ... - AOL

   www.aol.com/estate-tax-rates-limits-exemptions...

   The federal estate tax exemption — also referred to as the estate tax exclusion — is $11.7 million per person as of 2021. A married couple can effectively leave behind $23.4 million combined.

6. Marital deduction - Wikipedia

   en.wikipedia.org/wiki/Marital_deduction

   The U.S. federal estate and gift tax marital deduction is only available if the surviving spouse is a U.S. citizen. For a surviving spouse who is not a U.S. citizen, a bequest through a Qualified Domestic Trust defers estate tax until the principal is distributed by the trustee, a U.S. citizen or corporation who also withholds the estate tax.

7. Gift tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Gift_tax_in_the_United_States

   The gift tax is a backstop to the United States estate tax. Without the gift tax, large estates could be reduced by simply giving the money away before death, thus escaping any potential estate tax. Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. [14]