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Daily Archives: January 28, 2021

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Tax Changes for 2021- Business/Advisor Practice Updates

AssetBook NewsBy AssetBookJanuary 28, 2021

While it remains unknown what changes President Biden will propose to the tax laws, the following changes are already in place for 2021 that could impact some of your clients: Estate and gift taxes – personal exemptions For 2021 the personal exemption for estate and gift taxes increases to $11.7 million per person, up from…

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