Jan 17, 2023 · This exemption is an amount that can be directly transferred to grandchildren or into a generation-skipping trust for the benefit of grandchildren without incurring a federal GST.

Oct 3, 2025 · With proper planning, the GSTT exemption provides opportunities to reduce or potentially eliminate the transfer taxes associated with gifting or passing money to …

Aug 28, 2025 · The federal estate, gift, and GSTT exemption sets how much an individual can transfer during their life or at death without being subject to federal transfer taxes.

Learn everything you need to know about the GST exemption, including who it impacts and how, and the likelihood of whether or not this tax will apply to your estate and your beneficiaries.

Oct 7, 2025 · GST Tax Overview: Reporting, Exemption, and Rates for 2025 GST tax hits transfers that skip a generation—direct gifts to grandchildren, trust payouts, or terminations. …

Any allocation by an individual of his GST exemption under section 2631 (a) may be made at any time on or before the date prescribed for filing the estate tax return for such individual’s estate …

Jan 19, 2024 · Similar to the federal estate tax, the GST tax applies only to the value of the transfer that exceeds the current exemption amount. For 2023, the exemption amount is …

Thus, as of January 1, 2024, the GST exemption amount is $13.61 million per person (inclusive of the inflation adjustment) and twice that for a married couple. However, the increased …

Jun 17, 2025 · Read through and get the complete list of all the GST exemptions notified on Goods at a click of a button!. Also, click here to view the complete list of exempted services …

Jan 22, 2024 · The federal estate, gift, and GST tax exemptions for U.S. citizens and those domiciled in the United States have increased to $13,610,000 per taxpayer, an increase from …