Increased in the Federal Estate Tax Exemption
January 5, 2016 | By Robert Maloney |
Effective January 1st, 2016, the Federal Estate Tax Exemption has increased to $5,430,000 per individual for both estate tax and gift tax purposed. The “annual” gift tax exclusion will remain at $14,000 per individual. Both are now permanent and are subject to automatic CPI adjustments annually.