Tag: Taxes

The new estate tax law stipulates that a single person could die owning up to $11.2 million without paying the dreaded death tax and for married couples the amount has been increased to $22.4 million, if a timely portability election was made after the death of the first spouse to (more…)

Below you will find all the important tax figures for the 2018 tax year:

Federal Estate Tax
– 2018 Exemption Equivalent: $11, 220,000.00* (up from $5,490.000 in 2017)
– Annual Inflation Indexing: Yes (rounded annually to the nearest $10,000)
– Portability of unused exemption to surviving (more…)