Page Update or Correction
507 The 2023 Annual Gift Tax Exclusion is $17,000.
The 2024 Annual Gift Tax Exclusion is $18,000.
516 The 2023 Applicable Exclusion Amount is $12,920,000.
The 2024 Applicable Exclusion Amount is $13,610,000.
543 The 2023 Applicable Exclusion Amount is $12,920,000. The 2024 Applicable Exclusion Amount is $13,610,000.
544 Add to Section 24.2.6 that a surviving spouse should file an estate tax return if the surviving spouse wishes to take advantage of portability and take advantage of the deceased spouse's unused exclusion amount (DSUE).
552 Add to Section 24.3.3 that the survivng spouse must file an estate tax return for the deceased spouse to take advantage of the DSUE.
562 The 2023 GST Exemption Amount is $12,920,000. The 2024 GST Exemption Amount is $13,610,000.