Last week, a number of tax issues were addressed. For the next 2 years, 2011 and 2012 Congress has provided:
• The new estate tax rate will be levied on estates over $5 million ($10 million for couples), with a tax rate of 35% for 2011 and 2012
• The top two tax brackets will remain at 33% and 35%.
• No change for capital gains and dividends taxes. It will remain at 15% for everyone
Now that we know what to expect for the next 2 years, it’s a good idea to go back to the drawing board and re-evaluate your estate plan as well as you year-end tax strategies before December 31st.
Contact us at www.ythlaw.com for up to date estate planning information.
• The new estate tax rate will be levied on estates over $5 million ($10 million for couples), with a tax rate of 35% for 2011 and 2012
• The top two tax brackets will remain at 33% and 35%.
• No change for capital gains and dividends taxes. It will remain at 15% for everyone
Now that we know what to expect for the next 2 years, it’s a good idea to go back to the drawing board and re-evaluate your estate plan as well as you year-end tax strategies before December 31st.
Contact us at www.ythlaw.com for up to date estate planning information.
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