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September 2023 AFRs and 7520 Rate - The September 2023 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5%, which was the s.
The September 2023 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5%, which was the same as the August 2023 rate.
Internal Revenue Service announced 2023 cost of living adjustments for estate and gift tax exclusion amounts. Gift tax exclusion is amount an individual may gift to any number of persons without incurring tax. Gift Tax Exclusion Amount increase from 16000 to 17000 in 2023.