2018 Changes to Tax Benefits

The Internal Revenue Service recently announced the tax year 2018 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. The tax year 2018 adjustments generally are used on tax returns filed in 2019. Highlighted below are new adjustments related to estate and gift tax exemptions:

 

To learn more and read the full press release, click here.

If you have any questions or would like additional information, please contact your trusted advisors at Lurie, LLP.

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