Tax News

Just as I noted in my November 22 blog, the anticipated albeit temporary repeal of the federal estate tax is looking more and more uncertain. Now, the House has voted to kill the repeal, and to make permanent the current tax levels: exemption of $3.5 million per individual, top tax of 45%. Now it goes to the Senate, which is of course plenty busy with the health care overhaul. See your estate planning attorney for advice on how to handle all this uncertainty with regard to your own estate plan. Read more about the tax situation in the Wall Street Journal, and get all the latest developments by subscribing to our twitter feed.