US gift, estate exemptions to be dramatically lowered
President-elect Joe Biden has announced he will undo some of the tax regulations introduced by the Trump Administration through the Tax Cuts and Jobs Act of 2017.
US President-elect Joe Biden speaks about the US economy as Vice President-elect Kamala Harris stands by, Wilmington, Delaware, US, November 16, 2020.(photo credit: REUTERS/KEVIN LAMARQUE)ByEITAN ASNAFY, DAVE WOLF
