The 2017 Tax Cuts and Jobs Act (TCJA) introduced substantial adjustments to estate and gift tax exemptions. The act nearly doubled the lifetime estate and gift tax exemption to $13.61 million per person and $27.22 million for a married couple. But nothing lasts forever. The increases in the federal gift and estate tax exemption are […]
Archives for May 2024
A Chunk of Change: Keeping Your Small Business Financially Healthy Amid New Tax Regulations
Business owners know that keeping up with the latest tax regulations is critical for the financial health and continued success of your organization. And in 2024, there are some major tax concerns to heed. From expiring provisions of the Tax Cuts and Jobs Act (TCJA) to new reporting requirements, prepare for what’s next so you […]