Congressional Research Service Issues In Focus White Paper on Estate & Gift Tax
December 17, 2024
December 17, 2024
WASHINGTON, Dec. 17 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper (No. IF12846) on Dec. 11, 2024, by economic policy senior specialist Jane G. Gravelle:
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Selected Issues in Tax Reform: The Estate and Gift Tax
The estate and gift tax imposes a tax of 40% on gifts and estates in excess of a lifetime exemption of $13.61 million (double that amount for married couples). The exemption is indexed for inflation. The . . .
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Selected Issues in Tax Reform: The Estate and Gift Tax
The estate and gift tax imposes a tax of 40% on gifts and estates in excess of a lifetime exemption of $13.61 million (double that amount for married couples). The exemption is indexed for inflation. The . . .