Tax Tip Tuesday: Inflation Adjusted Tax Changes for 2017
Here are some inflation adjusted tax changes for 2017.
Gifts Made and Estates of Decedents Dying Exclusion Amount
2017 — $5,490,000
2016 — $5,450,000
Gift Tax Annual Exclusion
2017 — $14,000
2016 — $14,000
Adoption of a Child with Special Needs Credit
2017 — $13,570
2016 — $13,460
Maximum Credit for Other Adoptions
2017 — $13, 570
2016 — $13, 460
Disclaimer: The items included in the Tax Tip Tuesday Video Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation. IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advise contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.