The IRS recently released Revenue Procedure 2023-34, which announced 2024 annual inflation adjustments for various tax provisions. Effective January 1, 2024, the estate and gift tax basic exclusion amount and the generation‑skipping transfer (“GST”) tax exemption are scheduled to increase from $12,920,000 to $13,610,000. This is an increase of $690,000 per person or $1,380,000 for…
ALEX E. WAXENBERG
ASSOCIATE
Alex Waxenberg practices in the areas of estate planning and administration, trust administration, and tax strategy and planning. He is particularly experienced in representing high-net-worth individuals, wealth managers, and financial institutions.
Practices
Education
Benjamin N. Cardozo School of Law (J.D., 2016)
Cardozo Journal of Law and Gender, Editor
American University (B.A., 2013)
Bar Admissions
New York
Insights
IRS Announces 2024 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions
November 21, 2023Client AlertsIRS Announces 2023 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions
October 20, 2022Client AlertsOn October 18, 2022, the IRS released Revenue Procedure 2022-38, which announced 2023 annual inflation adjustments for various tax provisions. Effective January 1, 2023, the estate and gift tax basic exclusion amount and the generation‑skipping transfer (“GST”) tax exemption are scheduled to increase from $12,060,000 to $12,920,000. This is an increase of $860,000 per person or…