Planning Strategies and Techniques Available Through End of Year
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2026, 2025, and 2024 Pension Plan Limitations & Social Security Wage Base
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The federal estate top tax rate is 40%. The Federal estate tax exemption is $15,000,000 for 2026 and $13,990,000 for 2025. The annual gift exclusion is $19,000 for both 2026 and 2025.
The NYS estate basic exclusion amount is $7,160,00 for deaths in 2025. The top tax rate is 16%.
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For convenience purposes, we have listed below the current amounts of the Section 179 and bonus depreciation limits. As with all tax regulations, there are stipulations and exceptions. Please call us with any planning we can assist you with.
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Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.
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We were notified by the Peer Review Committee Reporting Acceptance Body that our most recent triennial peer review report with a pass rating was accepted. A "pass" rating is the highest form of rating a CPA firm can receive.
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President Signs Omnibus Bill; Including Secure 2.0 Act of 2022
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