The Congressional Research Service: 'Estate & Gift Tax - An Overview' (Part 1 of 2)
September 17, 2024
September 17, 2024
WASHINGTON, Sept. 17 (TNSrep) -- The Congressional Research Service issued the following report (No. R48183) on Sept. 16, 2024, entitled "The Estate and Gift Tax: An Overview" by economic policy senior specialist Jane G. Gravelle.
Here are excerpts:
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SUMMARY
The estate tax is imposed on bequests at death, whereas the gift tax applies to inter vivos (during life) gifts. A certain amount of combined estates and gifts - $5 million i . . .
Here are excerpts:
* * *
SUMMARY
The estate tax is imposed on bequests at death, whereas the gift tax applies to inter vivos (during life) gifts. A certain amount of combined estates and gifts - $5 million i . . .