P: 603-436-1211   |   F: 603-436-1242
381 MIDDLE ST. PORTSMOUTH, NH 03801
Mulhern & Scott PLLC
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Estate & Gift Tax Update

12/25/2015

 
Estate and gift tax update: The estate and gift tax exemption for 2016 is $5.45 million and the annual exclusion amount for gifts remains at $14,000.

IRA Charitable Rollover

12/21/2015

 
The IRA charitable rollover was made permanent on December 18, 2015, and is retroactive to January 1, 2015. This means that individuals who are 70 ½ or older may make “qualified charitable distributions” of up to $100,000 from their IRAs without paying any income tax on the distribution, and the distribution may serve to satisfy their required minimum distribution for a calendar year.

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Hours

M-F: 8:30am - 5pm

Telephone

603-436-1211

Our Team

David Mulhern, J.D.
Sally Mulhern, J.D.
James Mulhern, J.D.



Jennifer Rhodes, Paralegal
Tina Starkel, Paralegal
Rachel Sans, Paralegal
Anthony Conti, Executive Assistant
Lorraine DiGiovanni, Legal Assistant