President Obama's signing of theTax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 on Dec. 17, 2010, generally extended the Bush-era income tax rates, but also included sweeping changes to the federal estate and gift tax rules. The new rules are effective only through Dec. 31, 2012. An extension beyond that date is likely to be debated during the next election cycle.
Estate Tax Relief
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