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(505) 872-0505

Biden Administration May Spell Changes to Estate Tax Exemptions and Basis Step-Up Rule

During the 2020 election campaign, President Joe Biden proposed certain changes to the Internal Revenue Code, which among other things, could change the current law on estate and gift taxation.  There are two possibilities you should be aware of: the lowering of the estate tax exemption and the elimination of the stepped-up basis on death. The first would affect only … Read More

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