Tag Archives: GST Tax Exemption

Estate and Gift Tax 2018 Inflation Adjustments

On October 19, the IRS issued Revenue Procedure 2017-58, the annual inflation adjustments for 2018 for many tax provisions, including exemptions for estate, gift and generation-skipping transfer (GST) taxes as well as the annual exclusion amount for gifts as follows: Estate, Gift and GST Tax Exemption Increases to $5,600,000.  For estates of decedents who pass… Read More »