Our firm recently posted the new tax figures for 2011. This table provides some important federal tax information for 2011, compared with 2010. Many of the dollar amounts are unchanged or have changed only slightly due to low inflation. Other amounts are changing due to legislation.
** Under a 2001 law, the estate tax exemption was gradually increased and the tax rate levied on estates decreased. For one year only in 2010, the estate tax was repealed.
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