Traditional wills alone often fall short when protecting substantial assets and ensuring a smooth transfer to future ...

The bill aims to extend the income-tax cuts from the 2017 tax law while widening the state and local tax deduction.

Throughout the Bush and Obama years, Congress repeatedly debated permanent repeal of the death tax, cutting the rates, and increasing the exemption. The Democrats’ 2010 tax law set a 35% top rate and ...

Kelowna Atheists, Skeptics, and Humanists Association, along with Advocacy Canada, started a petition, compiled research and sent letters to the city to ask council to hear their request to change ...

On June 6, resistance ignited in the streets of Los Angeles to confront the Trump regime’s brutal campaign against immigrants ...

Getty Images. HB 1394, which was ... "However, unlike Pennsylvania, the federal estate tax has a general exclusion amount. ... (TCJA), the filing threshold was increased to $11,580,000 in 2020, ...

Source: Joint Committee on Taxation, Description of the Tax Provisions of the Chairman’s Amendment (JCX-21-25) (May 12, 2025), p.6. Standard deduction: The bill would make the TCJA’s increased ...

If the deceased was a U.S. citizen or resident, their worldwide assets, including foreign real estate, are subject to U.S. estate taxes if the estate exceeds the exemption amount of $13.99 million ...

The federal estate tax exemption is extremely high—$13.99 million in 2025—meaning estates below this threshold pay no federal estate tax. If an estate exceeds this amount, tax planning becomes ...

For 2021, the federal estate tax exemption was $11.7 million per person; in 2022, ... President Joe Biden pledged during the 2020 campaign to reduce the estate tax exemption.

Illinois is among just 12 states that still has an estate tax, a punitive measure that is driving many Illinoisans to leave. It's time to get rid of it, writes State Sen. Jil Tracy.