BizTech Law Blog
This past July, the One Big Beautiful Bill Act (the “Act”) was enacted, completely altering the landscape of tax and estate planning for business owners. One of the most significant changes? A permanent increase to the federal gift and estate tax exemption.
Yes, you read that right, permanent.
Under the new law, individuals can now transfer up to $15 million tax-free during their lifetime or at death. For married couples, that amount doubles to $30 million. These exemption limits will also increase over time to account for inflation. This is a major shift from past rules that ...
Now is a busy time for businesses as they wrap things up before year-end. But the holiday season can be stressful for a different reason when the owner or some of the employees are responsible for the care of aging family members on top of working full-time.
