Estate & Gift Tax - An Overview Topic of CRS Report (Part 1 of 2)
August 18, 2025
August 18, 2025
WASHINGTON, Aug. 18 (TNSLrpt) -- The Congressional Research Service issued the following report (No. R48183) on July 14, 2025, entitled "The Estate and Gift Tax: An Overview" by economic policy senior specialist Jane G. Gravelle.
Here are excerpts:
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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 - recently set at $15 million by P.L . . .
Here are excerpts:
* * *
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 - recently set at $15 million by P.L . . .