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Big Changes to Gift and Estate Tax

The recently enacted Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 has far reaching effects on tax payers, and it’s important to understand how these new laws apply to your particular situation. This Federal Tax Watch article highlights the the differences between annual and lifetime exclusions, how these have changed under the new law, the re-implementation of the generation skipping tax (GST) and other related topics.

Summaries of the law’s new provisions are explained with hypothetical scenarios to clarify how these laws affect actual people. Also included are charts to help you determine if you might owe taxes at the state level and what rate you might expect to pay based on various circumstances.


Amy is more than an auditor for CFED. She is a valuable business advisor helping us navigate through complex regulations and opaque guidance.

Adnan Bokhari |  Chief Financial Officer
The Corporation for Enterprise Development