Monday, June 25, 2012

To Give or Not to Give, Up to $5.12 Million - NYTimes.com

To Give or Not to Give, Up to $5.12 Million - NYTimes.com: TIME may — or may not — be running out for one of the biggest tax breaks for wealthy Americans: the chance to give up to $5.12 million to heirs tax-free and then pay a comparatively low 35 percent rate on any gift above that. The break is scheduled to expire in six months, but no one will hazard a guess about its fate because it is just one of many tax and spending measures expiring at the same time.

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