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.