In Notice 2018-57 Treasury just announced the cost-of-living adjustment for transfer tax exemptions and the income tax standard deduction.

Estate and gift tax exemption: $11,400,000 per person (up from $11.18 million)

Gift tax annual exclusion: $15,000 per donee (same amount as in 2018)

Income Tax Standard deduction:

  • marrieds, filing-jointly: $24,400 (up from $24,000 for 2018)
  • ┬ásingle taxpayer: $12,200 (up from $12,000 for 2018)
  • head of household: $18,350