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IRS Elevates Gift Tax Exclusion and GST Tax Exemption

IRS Elevates Gift Tax Exclusion and GST Tax Exemption
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Soaring Estate and Gift Tax Exclusions and GST Tax Exemption Offer Temporary Window for Maximizing Wealth Transfer | McDermott Will & Emery

At the beginning of 2023, the Internal Revenue Service (IRS) increased the amounts individuals can gift free of federal gift and generation-skipping transfer (GST) tax. The amounts now.

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