North Carolina Estate Planning Blog

IRS Announces 2013 Tax Figures

In Rev. Proc. 2012-41, the IRS has announced various inflation-adjusted tax figures for 2013.  Among them:

  • The annual gift tax exclusion will be $14,000 (for gifts of a present interest to any person).
  • The annual gift tax exclusion for gifts to a non-citizen spouse will be $143,000 (for gifts of a present interest).

Also, in IR 2012-77, the 2013 retirement account contribution limits were released.  For 401(k) and 403(b) plans, the limit will be $17,500.

Trackbacks (0) Links to blogs that reference this article Trackback URL
Comments (0) Read through and enter the discussion with the form at the end
205 Providence Road, Chapel Hill NC 27514
Phone: 919.493.6351 • Toll-Free: 800.201.0413 • Fax: 919.493.6355 •