Election 2020 Archives

History of the Unified Tax Credit

By admin / Healthy Growth Blog / September 30, 2020

By Eric Flickinger, CPA, ABV | Manager, Business Valuation The Unified Tax Credit represents the amount of assets that an individual is allowed to gift to other parties without having to pay gift, estate, or generation-skipping transfer taxes. This credit is significant as amounts above this level will be taxed at rates starting at 18% and …

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