Federal Estate TaxNon-Citizen Spouse

2016 Federal Estate Tax Exemption Amount

Federal Estate Tax Exemption

The IRS recently released Revenue Procedure 2015-53, announcing the inflation adjustments to many tax provisions.  Of note, the unified credit against the federal estate tax for Calendar Year 2016 is $5,450,000.  This is up from $5,430,000 in 2015.

The annual gift tax exclusion of $14,000 per person/per donee remains the same.  However, the annual gift exclusion to non citizen spouses has increased to $148,000 from $147,000.

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