Tag Archives: Exemption levels
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05.7.20
Federal Estate Tax Exemption in California [...]
The Tax Cuts and Jobs Act (TCJA) dramatically (but temporarily) increased the exemption level of the estate, gift and generation skipping tax by decreasing taxpayers liable for this tax by over two-thirds. The impact of this Act for the government compared with the $1 million exemption and 55% rate under another estate tax reduction law of…
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