Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. As the 2025 legislative session unfolds, wealthy families, their advisors ...

Republicans, having worked with farmers, ranchers, and other small businesses to decimate the estate tax, now aim with their governing trifecta to keep the controversial tax hobbled or eliminate ...

The 2017 tax overhaul, also known as the Tax Cuts and Jobs Act, then lowered the rate to 40% and effectively doubled the exemptions. Today, it applies only to estates above $27.98 million for ...

which means real estate investors who got in at the right time are realizing massive profits. It also means tax authorities are getting their cut of those profits — unless you strategize the ...

Similar legislation has the backing of Ways and Means Chair Jason Smith, most House Republicans and the National Federation of Independent Business. Eliminating the estate tax would cost an ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law.

Similar legislation has the backing of Ways and Means Chair Jason Smith, most House Republicans and the National Federation of Independent Business. Eliminating the estate tax would cost an ...

(The Center Square) – Illinois is known for having high property and corporate taxes, but it is also one of the few states that imposes estate taxes. The estate tax is imposed on a decedent’s estate, ...

Residential assessments increased 6.2% this year, which means that unless the supervisors reduce the tax rate, the average homeowner’s real estate tax will increase by 6.2%. However, a 6.2% tax ...