Sanders and Other Tax Proposals What to do now-In Depth

Peak Trust Company|April 6, 2021
  • The TCJA doubled the Basic Exclusion Amount and GST exemption in 2018-2025 ($10,000,000 in 2011 dollars)
  • In 2026 the exemptions revert to pre-TCJA law (5,000,000 in 2011 dollars)
  • Give the success of Democrats in the 2020 election, we expect the exemption to substantially decrease by 2022