Federal Gift, Estate Tax and Generation-Skipping Transfer Tax Exemptions & the Gift Tax Annual Exclusion Amount Are Subject to Annual Increase for Inflation

By: Tip Richmond The exemptions were increased in 2017 from  $5,450,000 to $5,490,000, and the annual exclusion remains the same at $14,000 per donee. These rules mean the following:              1.         Each individual can...

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