Federal & Gift Tax

Federal estate tax rules, the Build Back Better Act proposals, and the upcoming 2026 sunset shape current legacy planning challenges.

Form 709 details tracking lifetime gifts and estate tax exemptions, including annual limits, gift splitting, and special gifting scenarios.

Form 706 determines federal estate tax obligations by reporting a deceased person’s assets, calculating allowable deductions, and electing tax portability.

The generation-skipping transfer tax is an additional federal tax on wealth transferred to grandchildren and other skip persons.

Estate tax portability and the Deceased Spousal Unused Exclusion allow surviving spouses to inherit unused federal estate tax exemptions.

The lifetime gift and estate tax exemption, unified credit, and rules governing lifetime gifts and exemptions are explained clearly.

The 2026 annual gift tax exclusion of $19,000 allows individuals to transfer assets tax-free to multiple recipients without IRS filings.

Federal gift tax rules determine how much money you can transfer tax-free using annual exclusions and lifetime exemptions.

Federal estate tax mechanics, progressive rates, exemptions, and calculations determine how estates are taxed and who actually pays the liability.

Federal estate tax exemption rules explain the threshold allowing assets to pass tax-free, alongside inflation adjustments and unified credit limits.