Due to increased inflation, effective January 1, 2023, there was a significant change in the federal gift/estate tax exemption and the generation-skipping tax (GST) exemption from $12,060,000 in 2022 to $12,920,000 in 2023. This is an increase of $860,000 per gift donor or estate. For a married couple, the combined exemptions for both spouses are $25,840,000 for 2023, up $1,720,000 from 2022. This creates a significant amount of available exemption, which can be used to shelter gift tax on transfers made before the end of 2023. Additionally, the federal gift tax annual exclusion for transfer of a present interest gift per donee has increased from $16,000 in 2022 to $17,000 in 2023. ?For a married couple, this amount is doubled. Estate and gift tax planning for 2023 should be done knowing that a potential reduction in the federal gift and estate tax lifetime exemption and GST exemption looms for periods after December 31, 2025. Most estimate the exemption amount will be reduced to around $7 million per person.
关于我们
Providing the most reliable tax preparation, accounting and payroll services with the highest level of integrity, security, and excellence. If you are interested in Saving Money, Increasing Control, and sustaining a competitive advantage please contact us below: By phone: (732) 702-0344 by email: [email protected] by web: www.accountingtaxusa.com
- 网站
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https://www.accountingtaxusa.com
Accounting Tax USA的外部链接
- 所属行业
- 会计
- 规模
- 2-10 人
- 总部
- Matawan,New Jersey
- 类型
- 私人持股
- 创立
- 2016
地点
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主要
1075 Route 34
Suite F
US,New Jersey,Matawan,07747
Accounting Tax USA员工
动态
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Wishing everyone a prosperous and successful New Year! ?? As we embark on a fresh start, let our expert accountants help you stay on top of your financial goals. Contact us today! ???? #NewYear #AccountingServices #FinancialGoals
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Wishing everyone a prosperous and successful New Year! ?? As we embark on a fresh start, let our expert accountants help you stay on top of your financial goals. Contact us today! ???? #NewYear #AccountingServices #FinancialGoals