2890 N. Main Street, Suite 206 • Walnut Creek, CA 94597

2019 Increases in Federal Gift, Estate Tax Exclusions May Benefit Some Estates

Under the Tax Cuts and Jobs Act enacted last year, the federal lifetime gift and estate tax exemption doubled. Every year the lifetime gift tax exemption and estate tax exemption amounts are adjusted for inflation. For 2019, the exemption increased to $11.4 million for individuals and $22.8 million for married couples. That means, for example, that estates valued at less…

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