Estate Tax Exemption Projected To Top $11 Million Per Couple In 2018
The amount you can leave to heirs without facing federal estate tax is projected to top $11 million per couple in 2018--$5.6 million per person, according to Bloomberg BNA estimates, based on recently released inflation numbers. And the annual gift tax exclusion amount is projected to increase for the first time since 2013—to $15,000 for 2018. (Note: The Internal Revenue Service typically announces the official inflation adjustments by the end of October.)
These numbers matter to estate planners and their wealthy clients who try to whittle down their estates to keep below the threshold and avoid the 40% federal estate tax by transferring wealth to future generations and charity.
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