May 7, 2009

Budget Plan Would Keep Estate Tax at Current Levels

By Suzanne Perry and Grant Williams

Congress has adopted a budget outline that would permanently keep the estate tax at levels that are already in effect this year. That's the approach many charities have been seeking, because they say it will help them appeal to donors. President Obama also has endorsed the idea.

In 2001, Congress passed the current estate-tax law, which gradually phases out the tax through 2009 and repeals it for 2010. In 2011, however, the current law is set to expire and estate-tax levels that

Print Subscription

Digital Subscription

Already have an account? Log In Now.