12/06/2022
The IRS recently announced estate and gift tax exemption amounts for 2023, including an increase in the estate and lifetime gift tax exemption for individuals from $12.06 million to $12.92 million.
Additionally, the annual limit on tax-free gifts will increase from $16,000 to $17,000 in 2023.
Contact our estate planning team today to see how these changes may impact you: https://bit.ly/3ed34Zo.