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Gift tax

What are the Current Gift Tax Limits?

POSTED ON: April 11, 2022 BY: Kyle Krull
The generous Trump era estate and gift tax exemptions are in countdown mode. According to an article in The Wall Street Journal titled “Estate and Gift Taxes 2021—2022: What’s New This Year and What You Need to Know,”  these important exemptions are set to lapse in 2025. Does time seem to be flying for you, […]
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Transfer Tax

What is the Transfer Tax Outlook for 2022?

POSTED ON: February 1, 2022 BY: Kyle Krull
The transfer tax looks a little different in 2022. Taxes are not constant. Sometimes the laws are updated by both the state and the federal taxing authorities. Other times, the thresholds and amounts are influenced by inflation. According to a recent Forbes article titled “2022 Transfer Tax Update,” both may apply to the transfer tax […]
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