New IRS exemptions for 2018: Estate & Gift Tax

The federal estate tax exemption for persons dying in 2018 has been increased with the annual inflation adjustment to $5,600,000.

The inflation adjustment for gift tax effective for gifts in 2018 will be $15,000.

For more information on estate and gift taxes see http://www.michaelmillonig.com/practice-areas/estate-and-gift-tax/