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Estate Planning

: North Carolina Estate Planning Blog

IRS Announces 2011 Cost-of-LIving Adjustments

By Greg Herman-Giddens

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In Revenue Procedure 2010-40, the IRS provides 2011 figures for many items in the tax code.  Of particular note to my readers:

  • The Annual Exclusion from the Gift Tax remains at $13,000.  IRC Section 2503
  • The Annual Exclusion for gifts to a non-citizen spouse is $136,000.

Full post as published by North Carolina Estate Planning Blog on October 28, 2010 (boomark / email).

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