Thursday, September 20, 2012
The "Rubin on Tax" blog reports about how the annual gift tax exclusion is unofficially set to rise in 2013. The Research Institute of America is a publishing house that serves tax professionals. According to their inflation computations, the annual gift tax exclusion should move up from $13,000 to $14,000.
This blog also recently featured applicable federal rates for October 2012. Please click here to see those rates.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this blog to my attention.