Saturday, November 2, 2013

Lifetime Estate Tax and Gift Tax Exclusion Amount Increases for 2014

The lifetime estate and gift tax exclusion amount (also called the unified credit amount, or exemption amount, or applicable exclusion amount) will increase in 2014 from $5.25 to $5.34 million per person. The annual gifting exclusion amount will remain at $14,000 per donor per donee.