Dear Clients and Friends,
In Revenue Procedure 2021-45, the IRS released the official inflation-adjusted amounts to be effective in 2022.
The Federal Estate Tax Exemption will be $12,060,000 per person and the Federal Annual Exclusion Gift will be $16,000 per person.
Please note that the President and Congress can still change these numbers. Stay tuned!
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As always, please send me your questions. If you are thinking about it, others are probably too, so my answers will no doubt help you and many others. To send a question in, simply hit reply when you receive this Listen to Lawrence Letter and type in your question or send a separate email to firstname.lastname@example.org.
Let’s stay connected.
Until next time…
peace, health and happiness,
Lawrence Eric Davidow