NEWS
Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Wed Mar 27, 2013 10:19 AM CDT

An important part of the legislation enacted at the beginning of the year involved the estate and gift system. Most are aware that Congress retained the per-person estate and gift exemption at $5 million, but raised the rate on the excess from 35% to 40%. But there were more subtle changes that may be even more important.

INFLATION INDEX

Indexing for inflation was extended to the estate and gift tax exemptions, now at $5.25 million for 2013. If an individual's net worth is less than the estate exemption, the real question is whether the assets will grow faster than inflation.

...

Quick View
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Year-End Tax Panic
Barge Tax Faces House Vote
Tax Extenders Talk Heats Up
Ask the Taxman by Andy Biebl
Landowner Wins Landmark Case
A Valuable Transition Tool
Ask the Taxman by Andy Biebl