New Estate and Gift Tax Laws for 2022 ........................... Nov 17, 2021 ............. Rabalais Estate Planning, LLC ..................... Build your estate plan online today! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started. https://www.myadvocate.com/join/paul -- For the calendar year 2022, you can give or donate $16k to as many people as you want without being required to file a gift tax return and without using any of your basic exclusion amount. If you’re married, since each of you can donate, you and your spouse can donate $32k to as many people as you want without gift tax consequences. And then, on top of that, when you pass away, you’ll have an estate tax basic exclusion amount of $12,060,000 to protect the rest of your estate from the 40% estate tax. Many experts did not anticipate that the estate tax exclusion amount would remain so high for 2022, but as of now, it’s $12.06m for estates of people who pass away in 2022. I, for one, certainly realize that this tax only impacts a very small percentage of people or families in America today, but when it does apply, the tax owed after the death of a family member can be staggering ........................... ....... Source Youtube.com ..........................Images Youtube Google..............................Posted on TSMJ on 03/12/23 ........

President Biden signs into law the Postal Service Reform Act of 2022 — 4/6/2022 .............................. Streamed live on Apr 6, 2022 ............................... CNBC Television ........................................... President Biden signs into law the Postal Service Reform Act of 2022, which addresses the finances and operations of the U.S. Postal Service (USPS). The act will provide monetary relief for the agency and help offer health benefits plans for USPS employees and retirees. .................................................................................................... .................................................................................................... ................................ .........................Source CNBC - Youtube .............................Images CNBC-Bing ..................................Posted on TSMJ on 04/08/22 ....

New Law Banning Surprise Medical Bills Comes Into Effect ...................................................... Jan 3, 2022 ........................................ NBC News ............................... The No Surprises Act has become law, meaning that doctors who do not accept your medical insurance can no longer send you surprise bills for thousands of dollars. NBC News’ Ben Popken explains how the new law could impact both routine and emergency hospital visits. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows............................................................................... ...............................Source NBC News - Youtube.com ............................Images NBCNews - Bing. ..........................Posted on TSMJ on 04/09/22 ...

Clarifying misinformation on the Illinois Safe-T Act ...................................... KSDK News .................................................... Sep 13, 2022 .................................................... Illinois Governor J.B. Pritzker signed the Safe-T Act in 2021 which addresses a wide variety of criminal justice issues. This massive crime reform package is in the spotlight again for one of its provisions known as the Pretrial Fairness Act which will end cash bail in 2023. It's now sparking concern, speculation and assumptions about freeing suspects before trial. Marie Franklin used to lock people up "Honey, if I needed $500 to get out of jail today, I would be sitting there because I don't have that kind of money," Franklin said. Franklin, a former Illinois State Trooper, advocates for criminal justice reform as a community organizer in East St. Louis. STORY: https://www.ksdk.com/article/news/loc... .................................... Posted on TSMJ on 03/08/2023 .........................Images Source Bing- Youtube..