Forbes has published an article, “IRS Announces Higher Estate And Gift Tax Limits For 2021,” which discusses the new estate and gift tax limits for 2021. The article begins as follows:
The Internal Revenue Service announced today the official estate and gift tax limits for 2021: The estate and gift tax exemption is $11.7 million per individual, up from $11.58 million in 2020. That means an individual could leave $11.7 million to heirs and pay no federal estate or gift tax, while a married couple could shield $23.4 million.
Click here to see full article: “IRS Announces Higher Estate And Gift Tax Limits For 2021.”
Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.