Below are the annual adjustments made to both Estate and Gift Taxes:
Unified Estate and Gift Tax (Lifetime) Exclusion: $5,430,000
Generation – Skipping Transfer (GST) Tax Exemption: $5,430,000
Gift Tax Annual Exclusion: $14,000 (no change from 2014)
If you are reading this post, you might also be interested in this checklist for when a loved one passes away.
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