15-Nov-18
2019 Cost of Living Adjustments
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) […]
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