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. Co

For the past couple of months, we've been informing you of important tax law updates and information for 2016. In this post you will find information on all those topics in one place. Health Savings Account Limits The IRS has provided the annual inflation-adjusted contribution, deductible, and out-of-pocket expense limits for 2016 for health savings accounts (HSAs). Eligible individuals may, subject to statutory limits, make deductible contributions to an HSA. For calendar ye

Today we will address some inflation adjusted tax changes for 2016. For gifts made and estates of decedents dying in 2016, the exclusion amount will be $5,450,000 up from $5,430,000 from 2015. For gifts made in 2016, the gift tax annual exclusion will be $14,000, which is the same as 2015. For 2016, the credit allowed for an adoption of a child with special needs will be $13,460, which is up from $13,400 in 2015. The maximum credit allowed for other adoptions will be the amou

There are a couple inflation adjusted tax changes that are important to point out for 2015. For gifts made as well as the estates of decedents dying in 2015, the exclusion amount will be $5,430,000 up from $5,340,000 in 2014. For gifts made in 2015, the gift tax annual exclusion will be $14,000, which is the same as in 2014. The credit allowed for an adoption of a child with special needs will be $13,400 for 2015 (up from $13,190 for 2014). The maximum credit allowed for othe