Latest / The Red Wagon Estate Planning & Elder Law Show
Numbers and More for 2024: IRS Rulings, Tax Info, and Medicaid Updates
It's that time of year when Jeff provides the newest and most applicable IRS and Medicaid numbers for tax and estate planning purposes. Many of these numbers are discussed in our free, educational workshops. Jeff also likes to review them here along with related questions we get from our clients.
WHAT YOU NEED TO KNOW
(00:00) Episode introduction.
(05:50) The federal estate tax limit is now $13.61 million per person or $27.22 MM for a married couple.
(09:14) The annual exclusion gift is set at $18,000 per person per recipient per year. Ask your tax preparer if you should file a gift tax…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.