The American Taxpayer Relief Act has rightfully garnered the nation's attention. The Act maintains the $5 Million exemption for estate, gift, and generational skipping taxes, the top tax rate rises to 39.6% for high income taxpayers, and the Act also revives personal exemption phase-outs and limitations on itemized deductions. To assist our clients and fellow advisors, Attorneys Jeana Goosmann and Lindsey Buchheit outline some of the key provisions of the new law. Click here to learn more about how The American Taxpayer Relief Act may affect you and/or your business.
