IRS extends estate tax portability election deadline (What Is Estate Tax Portability and How Can It Help Me?)
The estate tax exemption, i.e. the amount you can transfer at death without incurring a federal estate tax, has fluctuated widely over the years. For example, in 2004, it was $1.5M ($3M for married couples), which many middle class families needed to take seriously when they considered assets such as retirement and life insurance. Under […]
