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2018 Estate and Gift Tax Limits

For 2018, the estate tax exemption has increased to $5.6 million per individual, increased from $5.49 million in 2017. Thus, a married couple will be able to shield $11.2 million from federal estate and gift taxes.

The annual gift tax exclusion has finally increased to $15,000, after remaining at $14,000 since 2013.

For more information about the estate and gift tax limits, contact SMDA, P.C. at (586) 264-3756.

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