New Tax Ruling Gives Tax Breaks to Surviving Spouse

Revenue Ruling 2017-34 requires quick action when making a timely ‘portability election’ to take advantage of the relief from the deceased spousal unused exclusion amount (DSUE).  Say that 3 times quickly! DSUE comes from a simplification of the estate tax in 2010 and the two most important provisions of the estate tax for many “moderate” …

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