Selected Issues in Tax Reform - Estate & Gift Tax Topic of White Paper From CRS
July 22, 2025
July 22, 2025
WASHINGTON, July 22 (TNSLrpt) -- The Congressional Research Service issued the following In Focus white paper (No. IF12846) on July 21, 2025, 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 $13.99 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 $13.99 million (double that amount for married couples). The exemption is indexed for inflation. The . . .