2025 Gift & Estate Tax Changes Explained

Attorney Andrew Bethel breaks down the new 2025 numbers for estate and gift taxes, federal income tax brackets, capital gains tax brackets, and other critical updates. The IRS has increased the annual gift tax exclusion to $19,000 per recipient, allowing generous gifting without triggering taxes. The federal estate tax exemption has also risen to $13.99 million, benefiting those engaged in estate planning. Andrew also highlights state-level estate taxes, capital gains rates, and the impact of the Tax Cuts and Jobs Act expiration in 2026.

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Crummey Trusts video:

00:00 - Introduction
00:33 - Gift Taxes
02:52 - Estate Taxes
07:21 - Capital Gains Taxes
08:31 - Income Taxes
09:12 - Standard Deductions
09:37 - Child Tax Credit & Earned Income Tax Credit
10:19 - Conclusion

*Disclaimer*
Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.

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By: Bethel Law
Title: 2025 Gift & Estate Tax Changes Explained
Sourced From: www.youtube.com/watch?v=t-wC6Fb5BoQ


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