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The tax writing committee of the House of Representatives has proposed a bill which would increase permanently the unified estate and gift tax lifetime exemption equivalent...
The tax writing committee of the House of Representatives has
proposed a bill which would increase permanently the unified estate
and gift tax lifetime exemption equivalent and the lifetime
exemption from the tax on generation skipping transfers to $15
Million, indexed for inflation with a base year of 2025.
The exemption amounts would apply to decedents dying and gifts
made during the calendar year 2026 and would increase with
inflation thereafter.
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