Experience. Dedication. Results.

Photo of Professionals at Law Office of Williams & Associates, P.C.

IRS Announces 2014 Unified Credit Amount

On Behalf of | Nov 4, 2013 | Estate Planning |

On October 31, 2013, the IRS issued Rev. Proc. 2013-35 in which it announced that the Unified Credit Against Estate Tax for decedents dying in 2014 is $5,340,000 per person. This is a $90,000 increase for inflation. The IRS also confirmed that the annual gift tax exclusion amount will remain at $14,000. Rev. Proc. 2013-35, which can be found here, announces all inflation-adjusted items for 2014 taxes.

Archives

FindLaw Network