MARYLAND ESTATE TAX – How lifetime gifts can eliminate the tax
Recent tax law changes have significantly increased both the Federal Estate Tax and Maryland Estate Tax exemptions. As of January 1, 2019, the Federal exemption per individual is $11.4 Million and scheduled to increase annually with inflation. The Maryland exemption
2018 FIDUCIARY INCOME TAX – Updated Rates and Brackets
The following is some commonly relevant federal and Maryland income tax information for estates and trusts. Feel free to bookmark this page for future reference. Ordinary Income Tax Rates for Estates and Trusts 2018 Federal Income Tax Rates for Estates and Trusts Taxable Net
ESTATE TAX PLANNING – Who Needs It?
Very few Marylanders need to worry about Estate Tax when creating or revising their estate plans. Effective January 1, 2019, only married couples with assets in excess of $10 Million and individuals with assets greater than $5 Million are subject