Saturday, January 7, 2023

The new year

Happy New Year to all! 

Federal figures that will apply for the living and those who die in 2023: 

  • The per-person amount that is exempt from gift reporting requirements: $17,000. 
  • The estate/gift tax exemption equivalent is now $12.92 million per person. 

The State of Michigan will announce updated probate figures later this month at this site. 

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