Client Update (January 2013) – Highlights of the American Taxpayer Relief Act
January 2013
Taking effect January 1, 2013, the American Taxpayer Relief Act extended/increased the gift, estate and generation-skipping tax exclusions, while increasing the gift, estate, and generation-skipping tax rate to 40% and increasing certain income tax rates as well.
Client Update (January 2013) – Highlights of the American Taxpayer Relief Act