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2009 Gift Tax Annual Exclusion is $13,000

October 17, 2008

Posted In: Income Taxation

By Patti S. Spencer on October 17, 2008 7:51 PM | | Comments (0)

On October 16, 2008, the IRS announced annual inflation adjustments for 2009.  The adjustments include an increase in the annual gift tax exclusion for present interest gifts to $13,000. The annual exclusion for present interest gifts to a non-citizen spouse will be $133,000.

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Posted by Patti S. Spencer | | Email This Post | Comments (0)

Posted In: Income Taxation

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