The amount exempt from the federal estate tax will grow to $5,120,000 for 2012, while the annual gift tax exclusion will remain at $13,000 for the same year. Unless Congress acts, the federal estate tax exemption will fall to $1,000,000 in 2013.
The amount exempt from the federal estate tax will grow to $5,120,000 for 2012, while the annual gift tax exclusion will remain at $13,000 for the same year. Unless Congress acts, the federal estate tax exemption will fall to $1,000,000 in 2013.
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