Estate Tax Exemption Limit Changes for 2018

Estate Tax Exemption Limit Changes for 2018

Posted Posted in Estate Tax

While the House and Senate are considering competing tax proposals, including a proposal to eliminate the federal estate tax, it is worth noting that the IRS has released Revenue Procedure 2017-58 which provides inflationary updates for a number of provisions in the Internal Revenue Code, including Estate Tax Exemption Limits. Assuming that the Republicans do not […]

Tax Deduction

Proposed Tax Policy By Republicans Would Enable Wealthy to Pass On A Massive Income Tax Deduction to Their Heirs Upon Death

Posted Posted in Estate Tax

As most of you know, I generally try to avoid political discussions and I really try to avoid commenting on proposed tax policy before it becomes law for the simple reason that most proposed law changes never get enacted.  However, I feel compelled to talk about what I believe is a major flaw in the […]

NJ Estate Tax Repeal

Will the New Jersey Estate Tax Repeal Become Permanent?

Posted 2 CommentsPosted in Estate Administration, Estate Planning, Estate Tax, New Jersey, Politics

New Jersey Estate Tax As most of my estate planning clients are aware, I have been very cautious regarding whether or not New Jersey will keep a $2,000,000 estate tax exemption beyond 2017 or allow for a full repeal. However, it is worth noting that the front-runner for Governor, Phil Murphy, released part of his […]