Tag: Taxes

What do the 2018 Tax Changes Mean?

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…)

2018 Tax Figures

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…)

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At Ketra A. Mytich Ltd. our practice is devoted entirely to serving clients throughout Peoria, IL and the Chicago area in Estate Planning, Business Planning, Asset Protection and Elder Law Planning.