IRS Announcement: Exploring Gift, Estate, and GST Tax Adjustments for 2024

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CPA (US)

CPA/PFS

Accountant/Bookkeeper/Tax Professionals

Published : November, 2023

Free (Only Today)

0.2 Credit

Subject Area

Taxes

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Course Description
Course Qualification
Presenter
FAQ

Course Description

The IRS has just unveiled some noteworthy changes on the financial horizon for 2024, bringing a fresh breeze of adjustments to the Gift Tax Annual Exclusion and the Gift, Estate, and Tax Exemption.
In this CPE Nano Learning course, financial advisor Drew Stevens offers valuable insights into the anticipated shifts in the financial landscape from 2023 to 2024, with a primary focus on changes in estate and gift taxes. It provides a glimpse into future marginal rates and touches on the impending impact of the Social Security adjustments.
This CE Tax Course delves into the implications of gift taxes, defining them as levies on the transfer of property from one individual to another. Emphasizing the current limit of $18,000 per person, set to increase in 2024, the course underscores the importance of comprehending these changes. It particularly highlights the potential 3% across-the-board increase in marginal tax rates in 2025. Furthermore, the course explores the National Social Security adjustment, signaling a 3.2% cost-of-living increase for beneficiaries starting in January 2024.
Join this course, as we anticipate these alterations, it becomes imperative for everyone to stay informed and explore how these modifications might shape the financial strategies in the coming year. Get ready for a recalibration of your financial compass in 2024!
At this time, Nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts Nano-learning, you can ask your state board or visit the NASBA registry.

Learning Objectives

To explore the significant changes introduced by the IRS for 2024, focusing on the Gift Tax Annual Exclusion and the Gift, Estate, and Tax Exemption.

Course Qualification

Webinar Qualifies For

0.2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
0.2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
0.2 CPD Credit of Taxes for Personal Financial Specialist (PFS)

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Additional details

Course Level :

Basic
Credits :

0.2
Instructional Method :

Nano Learning
Pre-requisites :

None
Advance Preparation :

None

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Drew Stevens

CEO and Leadership Change Expert, Stevens Performance

Dr. Drew Stevens founder of Wisdom to Wealth, works with individuals that grapple with finances and transforms them into wealthy professionals with the liquidity and lifestyle they desire to live with profound longevity to create a legacy. He specializes in coordinating Social Security and retirement income benefits. Drew holds the industry's most prestigious designation: NSSA© - National Social Security Advisor.

Faq

FAQs content

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Ratings and Review

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Michael Boyle, AFSP, EA

This is the first time I've used the short courses in myCPE. This was a nice quick refresher on the changes in 2024 and tax planning considerations coming at the end of 2025.