Major Changes to Estate and Inheritance Tax Laws

 

Effective January 1, 2016, Tennessee's inheritance tax has been abolished. In addition, the federal estate tax exemption for 2017 is now $5.49 million and is potentially "portable" between spouses. The annual gift exclusion remains at $14,000 for 2017.

 

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© Kizer & Gammeltoft, P.C. 2016

110 Cogdill Road  Knoxville, TN 37922

(865) 692-8777 | Disclaimer

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© Kizer & Gammeltoft, P.C. 2017

110 Cogdill Road  Knoxville, TN 37922

(865) 692-8777 | Disclaimer