2015 Estate Tax & Gift Exemption Limits Released

2015 Estate Tax & Gift Exemption Limits Released

            The IRS has released Rev. Proc 2014-61, it containing, among other things, the 2015 Estate and Gift Tax exemptions.

 

            The gift tax exemption of $14,000 is unchanged from 2014.

           

            The 2015 estate tax exemption has been raised $90,000 to $5,430,000.

 

            Also, that all important tax imposed under § 4161(b)(2)(A) on the first sale by the manufacturer, producer, or importer of any shaft of a type used in the manufacture of certain arrows is $0.49 per shaft.

 

            HERE IS A LINK to Rev. Proc. 2014-61.

 

            HERE IS A LINK to a Forbes article on the same topic.