October 2015

The inflation adjustments for 2016 numbers are as follows: 1. Exclusion amount for gifts and estates of decedents dying in 2016- $5,450,000 2. Generation Skipping Transfer Tax exemption- $5,450,000 3. Annual exclusion for gift tax- $14,000 4. Annual exclusion for gifts to non citizen spouses- $148,000 5. Special use valuation...