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Inflation Boosts Federal Gift and Estate Tax Breaks

July 5, 2023

Inflation is generally bad news. But a favorable side effect is bigger annual inflation adjustments to federal tax breaks. In fact, many federal tax parameters for the 2023 tax year are up about 7% over the amounts for 2022. Here are… Read more »

Estate Tax Breaks, Federal Gift, Generation-Skipping Transfer Tax, Gift Tax Exclusion, Inflation Boosts, Inflation Boosts Federal Gift and Estate Tax Breaks, Inflation-Adjustment Basics, Noncitizen Spouses, Unified Federal Gift and Estate Tax Exemption