You never know what is on the horizon but you can be prepared

2016 Federal Gift and Estate Tax Limits Announced!

The IRS has announced the 2016 Federal Gift and Estate Tax Limits:

  • The annual exclusion for gifts will remain at $14,000, per individual per beneficiary.
  • The federal exemption equivalent of the unified credit is $5,450,000 for 2016, per individual, $10,900,000, per married couple.

 

Check it out on their website.