Estate/transfer tax
Vermont estate tax exclusion: $5,000,000
Federal estate and lifetime gift tax threshold: $11,700,000
Federal gift tax exclusion (annual): $15,000 [no change from 2020]
Vermont Medicaid
Community Spouse Resource Allowance: $130,380
Home Equity...
Many of us are suffering from pandemic fatigue—at home, in the workplace, and in the community. Are you taking time for your mental health? And are you finding creative ways to safely connect with family, co-workers, and friends? Because our office maintains a hybrid model of remote and in-office scheduling, our entire...
Autumn is in full swing, and most of us are certainly wishing an end to 2020! Whether you have had health issues yourself, have assisted a loved one with their health care needs, or are now simply more aware of the fact that you may someday need to rely upon another to...
Vermont remains one of about a dozen states that imposes a state estate tax. However, during the summer, Governor Scott signed Act No. 71, raising Vermont’s exclusion amount to $4,250,000 in 2020 and $5,000,000 in 2021.
Freezing Credit: A new federal law effective 9/21/18 permits consumers to freeze their credit, free of charge. For more information, visit:
https://www.consumer.ftc.gov/blog/2018/06/free-credit-freezes-are-coming-soon-0
Sometimes we find a great tip and like to share. Here is our newest tip: Scam Alerts from the State
Sign up to receive instant scam alerts via text, voice or email at www.uvm.edu/consumer.
VT Scam Alerts are a service of the VT Attorney General and VT Department of Public Safety.
Protect your Social Security number!
To help address the growing concern of identity theft, Social Security numbers will begin to disappear from Medicare ID cards, beginning in April 2018. CMS will begin mailing replacement cards with a new “Medicare Beneficiary Identifier” (MBI) next spring, with mandate to complete transition by April 2019.
