Permanent Estate & Gift Tax Relief

Permanent Estate & Gift Tax Relief

Congress averts fiscal cliff

On Jan. 1, 2013, Congress averted the so-called fiscal cliff by approving new legislation titled the American Taxpayer Relief Act of 2012 (ATRA-2012).  President Obama signed the bill into law. 

The new law will extend the Bush-era income tax cuts for 98 percent of U.S. taxpayers, but also extends the sweeping changes made to the federal estate and gift tax rules originally enacted under the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of

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