Estate Tax, Tax Credits, Flood Insurance: An Update on Tax Issues

Estate tax in flux

Even top tax experts confess confusion as they try to figure out what’s happening with the estate tax.

Here’s a quick summary: As of October 2010, Congress still hasn’t restored the federal estate tax despite predictions they would reinstate it retroactive to January 1. Now, many experts are saying that Congress isn’t likely to pass a retroactive estate tax this year. The 2011 status remains a mystery.