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3+ Vital Tips for Navigating Estate Taxes Come 2025

February 11, 2025 by sadmin

3+ Vital Tips for Navigating Estate Taxes Come 2025

Estate tax sunset 2025 refers to the scheduled expiration of the federal estate tax, currently scheduled to occur in 2025. The estate tax is a tax on the transfer of property from a deceased person to their heirs or beneficiaries. Without congressional action to extend or make permanent the estate tax, it will cease to exist in 2025.

The estate tax has been a part of the U.S. tax system since 1916. It is designed to raise revenue and to reduce the concentration of wealth in the hands of a few families. The estate tax is currently imposed on estates valued at over $12.06 million for individuals and $24.12 million for couples. The tax rate ranges from 18% to 40%, depending on the value of the estate.

4+ Amazing Sunset Photos on January 25, 2025

February 8, 2025 by sadmin

4+ Amazing Sunset Photos on January 25, 2025

The sunset on January 25, 2025, holds no particular significance or notable events associated with it. It is simply a celestial occurrence that marks the end of the day on that specific date.

Sunsets, in general, are beautiful natural phenomena that signal the transition from day to night and offer opportunities for reflection and appreciation of the beauty of nature. However, the sunset on January 25, 2025, does not hold any specific historical, cultural, or scientific significance that distinguishes it from other sunsets.

6+ Crucial Estate Tax Exemption Changes Coming in 2025

February 4, 2025 by sadmin

6+ Crucial Estate Tax Exemption Changes Coming in 2025

The estate tax exemption is a certain amount of money that can be passed on to heirs without being subject to federal estate tax. The exemption amount is currently $12.92 million per person, or $25.84 million for a married couple. However, this exemption is set to “sunset” in 2025, meaning that it will revert to the much lower amount of $5 million per person, or $10 million for a married couple, unless Congress acts to extend it.

The estate tax exemption sunset was originally scheduled to occur in 2013, but it was extended by Congress as part of the American Taxpayer Relief Act of 2012. The sunset was then extended again by Congress as part of the Tax Cuts and Jobs Act of 2017. However, the current extension is set to expire in 2025, and it is unclear whether Congress will act to extend it again.

6+ Mesmerizing Sunsets to Witness in March 2025

January 30, 2025 by sadmin

6+ Mesmerizing Sunsets to Witness in March 2025

Sunset March 1, 2025 refers to the date on which the United States will no longer be able to borrow money to pay its bills unless Congress raises the debt ceiling.

The debt ceiling is a legal limit on the amount of debt that the U.S. Treasury can issue. If the debt ceiling is not raised, the Treasury will default on its obligations, which would have a devastating impact on the U.S. economy and the global financial system.