Jeffrey K. Gonya and Chelsea L. Rubio of Venable LLP, have made available for download their article, “Changes to 2022 Federal Transfer Tax Exemptions,” posted on the Venable LLP website. The abstract is as follows:
Despite the various proposals to lower federal transfer tax exemptions and increase the tax rates, none of them were actually enacted in 2021. As a result, the estate, gift, and GST tax exemptions have instead increased for inflation in 2022, giving people a second chance on locking in the advantageous rates and exemptions before they revert to $5 million in 2026 (adjusted for inflation and assuming the tax law does not change before then).
Click here to view the full article, “Changes to 2022 Federal Transfer Tax Exemptions”.
Posted by Isabella King, Associate Editor, Wealth Strategies Journal.
Wealth Strategies Journal 