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New Tax Bill Signed Today

Good news for taxpayers!  The new tax bill was signed into law today.   This law will extend for two additional years the Bush-era tax rates, including the 15 percent long-term capital gains and qualified dividends rate.  It will provide substantial estate tax relief:  the law will reintroduce the federal estate tax with higher exemption amounts, $5 million per person, $10 million per couple,  and lower rates (35% maximum vs. 45% in past years), among other noteworthy provisions. The bill was approved by the House of Representatives late last night; it was signed by President Obama this afternoon.

Please contact estate planning attorney Phil Rarick at (305) 556-5209 to  discuss the potential impact of the bill on you, your family and your business.   This bill may open up important planning opportunities for you.

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