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Form 709
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2024 Instructions for Form 709 | Amanda Luke, CPA
The 2025 federal lifetime gift and estate tax and GST tax exemption is set at $13,990,000. Under current tax law, this is set to cut in half in 2026. Proper gift and estate planning is imperative this year as well as ensuring that all gifts are reported properly. There have been significant changes to the 2024 Form 709. The once 5-page gift tax ...
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