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Tuesday, November 29, 2022

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IRS Raises Estate-Tax Threshold to $12.92 Million for 2023

Taxpayers will be able to shield significantly more assets from the estate tax in 2023, after inflation adjustments made Tuesday by the Internal Revenue Service. Individuals will be able to transfer up to $12.92 million to heirs tax-free during their lifetimes or after death, up from $12.06 million …

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