{"id":4067,"date":"2016-09-21T15:11:28","date_gmt":"2016-09-21T19:11:28","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=4067"},"modified":"2016-12-19T09:04:44","modified_gmt":"2016-12-19T14:04:44","slug":"inflation-adjustments-for-2017","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=4067","title":{"rendered":"Inflation Adjustments for 2017"},"content":{"rendered":"<p>With the release of the Consumer Price Index for August 2016, it&#8217;s possible to calculate various inflation adjustments for 2017. The following are the significant federal estate planning numbers:<\/p>\n<ul>\n<li>The base applicable exclusion amount (and generation-skipping tax exemption) will be $5,490,000.<\/li>\n<li>The annual gift tax exclusion will be $14,000 (i.e., no change).<\/li>\n<li>The annual gift tax exclusion for a non-citizen spouse will be $149,000.<\/li>\n<li>The &#8220;2 percent&#8221; amount for purposes of section 6166 will be $1,490,000.<\/li>\n<li>The limitation on the valuation reduction under section 2032A will be $1,120,000.<\/li>\n<li>The top (39.6%) income tax bracket for estates and trusts will begin at $12,500.<\/li>\n<li>The alternative minimum tax exemption for an estates and trusts will be $24,100.<\/li>\n<\/ul>\n<p>[Update: \u00a0The Internal Revenue Services confirmed these numbers, and published other inflation adjustments, in <a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/rp-16-55.pdf\">Rev. Proc. 2016-55<\/a>., <a href=\"https:\/\/www.irs.gov\/pub\/irs-irbs\/irb16-45.pdf\">2016-45 I.R.B. 707<\/a>\u00a0\u00a0(11\/7\/2016).]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the release of the Consumer Price Index for August 2016, it&#8217;s possible to calculate various inflation adjustments for 2017. The following are the significant federal estate planning numbers: The base applicable exclusion amount (and generation-skipping tax exemption) will be &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=4067\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[29,45],"tags":[221,327,481,333,359],"class_list":["post-4067","post","type-post","status-publish","format-standard","hentry","category-news-items","category-rates","tag-annual-federal-exclusion","tag-federal-estate-tax","tag-federal-generation-skipping-tax","tag-federal-gift-tax","tag-federal-income-tax","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/4067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4067"}],"version-history":[{"count":5,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/4067\/revisions"}],"predecessor-version":[{"id":4189,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/4067\/revisions\/4189"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}