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Message
re: Expiration of “Trump” tax cuts
Posted on 5/3/24 at 12:16 pm to slackster
Posted on 5/3/24 at 12:16 pm to slackster
According to the IRS site the personal exemption was only suspended and returns in 2026.
IRS.
Found same on a tax planning site. The estate tax exemption will also revert back to $5m.
IRS.
Found same on a tax planning site. The estate tax exemption will also revert back to $5m.
This post was edited on 5/3/24 at 12:55 pm
1
Posted on 5/3/24 at 2:06 pm to TorchtheFlyingTiger
quote:
According to the IRS site the personal exemption was only suspended and returns in 2026.
Ah, you’re correct. Good catch.
SALT cap would be removed, but QBI would go too.
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