Congressional Research Service Report: 'Recent Changes in Estate & Gift Tax Provisions'
July 17, 2021
July 17, 2021
WASHINGTON, July 17 -- The Congressional Research Service issued the following report (No. R42959) on July 16, 2021, entitled "Recent Changes in the Estate and Gift Tax Provisions" by economic policy senior specialist Jane G. Gravelle:
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Summary
The American Taxpayer Relief Act (ATRA; P.L. 112-240) established permanent rules for the estate and gift tax for 2013 going forward. The tax revision of 2017 (P.L. 115-97) doubled the exemption levels . . .
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Summary
The American Taxpayer Relief Act (ATRA; P.L. 112-240) established permanent rules for the estate and gift tax for 2013 going forward. The tax revision of 2017 (P.L. 115-97) doubled the exemption levels . . .