HB 2624 increases estate tax exclusion

Posted on February 6, 2023 by dbleiler | 2 Comments

This bill allows additional estate tax exclusion of $1 million. and adjusts for inflation using the monthly averaged U.S. City Average Consumer Price Index for the 12 consecutive months ending August 31, 2022. In addition to any other amounts allowed under this chapter, an exclusion in the amount of $1 million is allowed against the tax due. Effective January 1,…

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