The following inflation-adjusted amounts are effective January 1, 2015:
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The annual exclusion from gift tax remains at $14,000 per donee.
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The annual exclusion from gift tax for gifts to a non-citizen spouse increases to $147,000 ($145,000 in 2014).
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The gift, estate and generation-skipping transfer tax exclusion amount increases to $5.43 million ($5.34 million in 2014).
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The highest income tax brackets begin at taxable income of:
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$464,850 (married filing jointly)
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$232,425 (married filing separately)
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$439,000 (heads of households)
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$413,200 (unmarried other than surviving spouses and heads of households)
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$12,300 (estates and trusts).