Tuesday, November 5, 2013

IRS Releases 2014 Estate Tax, Gift Tax, GST Tax Exemptions as Adjusted for Inflation

Our estate, gift and generation skipping tax exemptions are changing again! This time they are going up per the new tax law and are scheduled to increase each year.

For 2014 the exemptions will be $5,340,000. Here is an excellent article that discusses these increases and merits your reading.

IRS Releases 2014 Estate, Gift and GST Tax Exemptions Adjusted for Inflation

Let me know your thoughts and if you have any questions about how this will impact your estate planning. I look forward to your questions and comments.

Bernie Greenberg

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