Tag Archives: Gift

Watch out for the Gift Tax Trap in the New Tax Law

The Tax Cuts and Jobs Act virtually doubled the estate tax threshold. A single taxpayer can now own up to $11.2 million in assets at death without triggering the death tax. Married couples are allowed twice that amount, $22.4 million,… … Continue reading

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Estate and Gift Tax Consequences of the Tax Cuts and Jobs Act

On December 22, 2017 President Trump signed the Tax Cuts and Jobs Act which became effective January 1, 2018, although many of its provisions will sunset on December 31, 2025.  Most of the changes under the Act affect the federal … Continue reading

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Changes to Estate and Gift Taxes in the New Tax Law

Our colleague Debra T. Hirsch has authored a client alert addressing estate and gift tax planning issues impacted by the Tax Cuts and Jobs Act, which took effect yesterday.  You can read Debra’s alert here. Read more detail on Recent … Continue reading

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New Tax Act Doubles Gift and Estate Tax Exemption: Now What?

On December 22, 2017, President Trump signed a bill that makes huge changes to the American tax system—including the estate and gift tax. As of 2018, individuals can give away up to $11.2 million free of estate and gift tax, … Continue reading

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