Tag: 2010 Tax Act

The $5.12 Million Gift Tax Exemption – Use It or Lose It

The 2010 Tax Act created significant but temporary reductions in estate and gift taxes. The estate and gift tax exemption amount of $5.12 million plus lower tax rates have created opportunities for individuals to transfer wealth and save thousands or even millions of dollars in taxes – but only through December 31, 2012. By its… Read More