The IRS announced inflation adjustment tax items for 2015. Of interest on the estate and gift side, the annual exclusion remains at $14,000. However, the exclusion amount for taxpayers dying in 2015 increased from $5,340,000 to $5,430,000. Thus, a married...
The IRS recently announced the inflation adjusted figures for gift and estate tax exemption amounts for 2016.
The annual exclusion amount remains at $14,000. That is the amount that can be gifted to US citizens each year without eroding the per person...