The Inflation-Adjusted Figures For 2016 Estate And Gift Taxes Have Been Released
Thomson Reuters Checkpoint have recent calculated the projected inflation-adjusted amounts for a number of different tax figures. The organization has based its calculations on the consumer price index (CPI) for the 12-month period that ended on August 31, 2015. It is important to remember that these Thomson Reuters Checkpoint figures are not the official figures that the IRS will release later this year. Right now the gift and estate tax exemptions, gift tax annual exclusion, and the annual exclusion for gifts to non-citizen spouses are all projected to increase in 2016. The gift tax annual exclusion is projected to remain the same.
See Lana Hompluem and Alan M. Singer, Thomson Reuters Checkpoint calculates projected inflation-adjusted figures for estate and gift taxes for 2016, Bryan Cave LLP, September 17, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.