Tuesday, January 28, 2014

Quick Overview of 2014 Federal Estate and Gift Tax Amounts

The federal estate tax exemption amount is $5,000,000 and is adjusted annually for inflation. This year the exemption amount increases to $5.34 million. This means that a married couple can protect up to $10.68 million. The estate tax rate is 40%.

The annual exclusion from gift taxes will remain at $14,000 for 2014.

9 comments:

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Hi Mr. Admin, Do you have a full review of this federal estate and gift Tax amounts?

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Studying Law said...

Great post! Been reading a lot about tax law. Thanks for the info here!

Estate Law said...

Great post! Been reading a lot about estate taxes recently. Thanks for laying out this info here!

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Margaret Grose said...

Thanks for sharing this overview regarding gift tax amount. As Henderson probate attorney, we should be updated regarding this matter.