4 stories from the week to July 13, 2025, in the order they matter to someone who pays the top rate.
July 10, 2025 at 2:10 PM PDT
Gov. Mike Kehoe signed House Bill 594, letting individuals deduct 100% of federally reported capital gains, short-term and long-term, starting with the 2025 tax year.
For startup stock acquired after July 4, 2025, founders and early investors can exit sooner with partial tax relief and shelter more gain, but older shares keep the old rules.
The new tax law sets the federal estate, gift and GST exemption at $15 million per person in 2026 with no sunset, removing the pressure that drove a surge in lifetime gifting.
A insider share sale reported July 8, 2025 pegged SpaceX at roughly $400 billion, and the tax bill for employees cashing out at $212 a share hinges on how their shares were granted.
General information, not tax, legal or investment advice.