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IMAX said Wednesday it extended its stock repurchase program for years, as the movie experiences company said it pushed back the program’s expiration to June 30, 2026 from June 30, 2023. The company said its buyback program doesn’t include shares repurchased in connection with share-based compensationplans. million remaining.
In 2026, the current larger exemption will be reduced from $12,920,000 in 2023 to about $6 million per person ($5 million per person adjusted for inflation). Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.
However, by 2026, the exclusion amount will revert back to its pre-2018 level of about $5 million (or around $7 million adjusted for inflation) per individual, unless new legislation is passed, or the TCJA is extended. In 2024, the lifetime gift tax exemption is $13.61 million ($27.22 million if you are married filing jointly), up from $12.92
If you are eligible for Retirement and are over 60, or if you meet the Rule of 75, you should also consider the award dates when planning retirement as working until the vesting dates still, in most cases, get you an extra year of vesting. If instead, you worked through the 15 th , the “year after retirement” would be 2026.
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