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
http://www.ncestateplanningblog.com/admin/trackback/288010
Comments (0) Read through and enter the discussion with the form at the end
TrustCounsel
205 Providence Road, Chapel Hill NC 27514
Phone: 919.493.6351 • Toll-Free: 800.201.0413 • Fax: 919.493.6355
ghgiddens@trustcounselpa.com • www.trustcounselpa.com