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2. With Trump’s election, extending expiring tax cuts should be ...

   www.aol.com/finance/trump-election-extending...

   Donald Trump's 2017 individual tax cuts expire at end of 2025. ... The law also effectively doubles the estate tax exemption, ... the $10,000 cap on the state and local tax (SALT) deduction, which ...

3. If Trump Reinstates Tax Cuts, Here’s How Much You ... - AOL

   www.aol.com/trump-reinstates-tax-cuts-much...

   Asher Rubinstein, partner at Gallet Dreyer & Berkey in New York City, added that the TCJA also increased the exemption from the federal estate tax to $14 million, and limited the SALT deduction ...

4. What Will Happen If Congress Doesn’t Extend the Expiring Tax ...

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   This was bad news for high-income taxpayers in high-tax states, like California, New York and New Jersey, as many of them paid more than $10,000 in state and local taxes. ... Boosted Estate and ...

5. Estate tax in the United States - Wikipedia

   en.wikipedia.org/.../Estate_tax_in_the_United_States

   Delaware and Hawaii allowed their taxes to expire after Congress repealed the credit for state estate taxes, but reenacted the taxes in 2010. Exemption amounts under the state estate taxes vary, ranging from the federal estate tax exemption amount or $5.34 million, indexed for inflation (two states) to $675,000 (New Jersey).

6. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   In 2016, the ten counties with the largest SALT deductions per filer (on average) were in New York, California, Connecticut and New Jersey. [12] These ten counties are in the New York metropolitan area and San Francisco Bay Area, which have high concentrations of wealth and expensive real estate. Since the deduction was capped at $10,000 in ...

7. Tax Cuts and Jobs Act - Wikipedia

   en.wikipedia.org/wiki/2017_Tax_Cuts_and_Jobs_Act

   For deaths occurring between 2018 and 2025, estates that exceed $11.2 million are subject to a 40% estate tax at time of death, increased from $5.6 million previously. For a married couple aggregating their exemptions, an estate exceeding $22.4 million is subject to a 40% estate tax at time of death. [38]

8. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/finance/irs-increases-gift-estate...

   Barring an extension or new legislation, the lifetime estate and gift tax exemption is due to revert to the pre-2017 Tax Cuts and Jobs Act level of $5.49 million at midnight on Dec. 31, 2025.

9. How Are I Bonds Taxed? Understanding Tax Rules for 2025 - AOL

   www.aol.com/pay-taxes-bonds-110044659.html

   State estate taxes. ... the interest earned from your I Bonds is tax-exempt from those taxes. ... a married parent filing jointly for tax year 2025 with an ordinary income of $200,000 would have ...