csbj.com
Still time to take advantage of estate-tax gift threshold
There’s no better time to be generous. The 2010 Tax Relief Act, signed Dec. 17, temporarily raised the tax-exemption threshold for gift and estate giving. The law was set to revert to a $1 million threshold this year, with a maximum tax rate of 55 percent. Instead, the estate tax exemption was increased, during 2011 …