The Listen to Lawrence Letter: 2022 Tax Alert

DAVIDOWLAW Blog Post

Dear Clients and Friends, 2022 ALERT 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! And, pass …