Sunday - July 13, 2025
Generation-Skipping Transfer Tax Topic of White Paper From CRS
July 04, 2025
WASHINGTON, July 4 (TNSLrpt) -- The Congressional Research Service issued the following In Focus white paper (No. IF13053) on July 2, 2025, by economic policy senior specialist Jane G. Gravelle:

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The Generation-Skipping Transfer Tax (GSTT)

The U.S. estate and gift tax system includes a generation-skipping transfer tax (GSTT) to address circumstances in which wealth is transferred to younger generations (such as grandchildren) or unrelated persons more . . .

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