Monday, November 9, 2015

New Inflation-Adjusted Thresholds for Estates and Gifts Announced by IRS for 2016

The Internal Revenue Service recently released Revenue Procedure 2015-53, which announced certain inflation-adjusted figures for 2016. A number of these items relate to estate, gift, and generation-skipping transfer (“GST”) tax amounts. Some of the more important items are highlighted below.

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