If you are a parent of a special needs child, regardless of their age, you may be entitled to tax exemptions you are not aware of.
Federal tax laws have finally stabilized into a clear deal that benefits most estate owners across the country. Under the new rules, each individual can exclude $5.25 million, including gifts, from their estate taxes this year. In addition, the new top estate tax rate is 40 percent. Financial advisors say that under these new rules, very few estate owners will be affected by estate taxes - news that undoubtedly has many Floridians relieved.