NOT FOR REPRINT
Death and Retirement Tax Changes Could Add $723B in Revenue Over 10 Years: CBO
By
Allison Bell
News December 13, 2024 at 03:07 PM
Share & Print
What You Need To Know
- The federal government could pile up $22 trillion in deficits from 2025 through 2034.
- The CBO has posted a list of 76 ideas for narrowing the deficits.
- Changes for inherited assets could increase tax revenue by $536 billion over 10 years.
- Limiting retirement plan contributions might add $187 billion over 10 years.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary "senior deduction" deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
What are the FinCEN beneficial ownership information reporting requirements that were set to apply to LLCs and other small business entities starting in 2024?
Get Answer
Recently Updated Q&As
What requirements must be satisfied for an investment advice fiduciary to qualify under the DOL's fiduciary PTE 2020-02?
Get Answer
Recently Updated Q&As
What are the contribution limits on an HSA?
Get Answer