Tag Archive for fiscal cliff

Minnesota’s Estate Tax is Not Impacted by the “Fiscal Cliff” Vote

The Congressional vote to avert the so-called fiscal cliff exempts estates of $5 million in value from the federal estate tax. However, Minnesota’s estate tax exemption remains at $1 million. » Read more..

Uncle Sam’s Year-End Gift to You

Starting in 2013, the annual exclusion amount from gift taxes will increase from the current $13,000 per year to $14,000. » Read more..