Federal tax · None
IRS Raises 2027 Tax Deductions, Estate Exemption To $15.48M
The IRS also unveiled a $20,000 annual gift tax exclusion and higher business deductions.
External site: opens fa-mag.com in a new tab.
What changed
The IRS also unveiled a $20,000 annual gift tax exclusion and higher business deductions.
Planning context
Why it matters
Connect the development to the governing primary source and the relevant evergreen guide before applying it.
The source controls. Read its date, scope, definitions, transition rules, forms, and later updates before applying this summary to a real matter.