Unified estate and gift tax exclusion amount - For gifts made and estates of decedents dying in 2012, the basic exclusion amount will be $5,120,000 (up from $5,000,000 for gifts made and estates of decedents dying in 2011).
Generation-skipping transfer (GST) tax exemption - The exemption from GST tax will be $5,120,000 for transfers in 2012 (up from $5,000,000 for transfers in 2011).
Gift tax annual exclusion - For gifts made in 2012, the gift tax annual exclusion will be $13,000 (same as for gifts made in 2011).
Generation-skipping transfer (GST) tax exemption - The exemption from GST tax will be $5,120,000 for transfers in 2012 (up from $5,000,000 for transfers in 2011).
Gift tax annual exclusion - For gifts made in 2012, the gift tax annual exclusion will be $13,000 (same as for gifts made in 2011).
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