« A Portrait of Art As a Tax Deduction | Main | Marketing, Business improving your skills »

The Future of Estate Taxes

ASK DOW JONES

The Future of Estate Taxes
By TOM HERMAN
August 3, 2008
Q: I read your recent answer to a reader question about estate taxes. Part of your answer stated that the estate tax is supposed to disappear entirely in 2010. I seem to recall that when the current rules were put in place several years ago, unless Congress makes changes, starting in 2011 the exemption reverts back to the $600,000 limit that was in place before the current rules were enacted. Is that the case? Also, what will happen to the step-up in basis for inherited assets?

--G.H.P, Sacramento, Cali

TrackBack

TrackBack URL for this entry:
http://heritageinventory.com/blog-mt/mt-tb.fcgi/48/mt-tb.fcgi/48/mt-tb.fcgi/48/mt-tb.fcgi/51


Hosting by Yahoo!

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)