IRS Issues Inflation Adjustments Relevant To Estate And Retirement Planning
By Stanley M. Vasiliadis, Esquire, CELA Here are some important inflation adjustments for 2020: Federal Estate & Gift Tax Lifetime Exclusion Amount. For persons who die or make taxable gifts in 2020, there is a lifetime exclusion of $11,580,000 -- $11.58 million. With proper planning, a married couple can combine their exclusions and pass on