Hi. Re the death tax, the $22mm exemption is obviously for 2 person households. Is the exemption for a single person now $11mm?
Thanks if you or anyone can enlighten.
Yes
What Id like to know is will it be retroactive to tax year 2017?
That would be great. All of us will feel the extra bux in just a month or two. In 13-14 months well need to be reminded that it was Trumps tax plan that us allowing us to keep more...
Yes. The current lifetime exemption per person is $5,490,000, so they basically rounded up by 10K and then doubled it.