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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. Estate tax in the United States - Wikipedia

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

    According to the Economic Growth and Tax Relief Reconciliation Act of 2001, the applicable exclusion increased to $3,500,000 in 2009, and the estate tax was repealed for estates of decedents dying in 2010, but then the Act was to "sunset" in 2011 and the estate tax was to reappear with an applicable exclusion amount of only $1,000,000.

  4. 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.

  5. There are 9 states in America that will tax Social ... - AOL

    www.aol.com/finance/9-states-america-tax-social...

    Does your state tax Social Security benefits? Here are the nine states that tax Social Security benefits in 2025: Colorado. Connecticut. Minnesota. Montana. New Mexico. Rhode Island. Utah. Vermont ...

  6. Sunset Key - Wikipedia

    en.wikipedia.org/wiki/Sunset_Key

    Sunset Key is a 27-acre (11-hectare) residential neighborhood and resort island in the city of Key West, Florida. It is located about 500 yards (460 m) off the coast of the island of Key West. The island is privately held among its residents. The island is accessible only by a shuttle boat that runs from the Margaritaville Marina out to the island.

  7. Homestead exemption - Wikipedia

    en.wikipedia.org/wiki/Homestead_exemption

    Rhode Island allows exemptions that vary by town or city among those towns that offer exemptions. Texas allows a deduction, with additional exemptions available for county taxes, people over 65 and people who are disabled. It also requires school districts to offer a $25,000 exemption (but not other taxing districts, such as cities and counties ...

  8. Tax season is upon us. Everything you need to know to file in ...

    www.aol.com/tax-season-upon-us-everything...

    There are two main ways to file federal and Rhode Island taxes for free in 2024: use one of six free tax preparation programs offered through the IRS' Free File program (maximum adjusted gross ...

  9. 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 ...