A Comprehensive Look at Estate and Gift Tax Laws

Image Source: burst.shopify Estate Taxes and Gift Taxes.  What’s the difference between the two? In simplest terms, the Estate Tax is levied on money or property received from a person who has died. The Gift Tax is levied on money or property that is received from a living person. Both have available exemptions, and the eligible minimum estate/gift values increase every year to compensate for annual inflation. What Are the Estate…

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