{"id":6172,"date":"2018-09-13T11:11:01","date_gmt":"2018-09-13T15:11:01","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=6172"},"modified":"2018-11-16T11:39:37","modified_gmt":"2018-11-16T16:39:37","slug":"inflation-adjustments-for-2019","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=6172","title":{"rendered":"Inflation Adjustments for 2019"},"content":{"rendered":"<p>With the release of the Chained Consumer Price Index (C-CPI-U) for August 2018, it\u2019s possible to calculate various inflation adjustments for 2019. The following are the significant federal estate planning numbers, with the numbers for 2018 shown in parentheses:<\/p>\n<ul>\n<li>The base applicable exclusion amount (and generation-skipping tax exemption) will be $11,400,000 (was $11,180,000 for 2018).<\/li>\n<li>The annual gift tax exclusion will be $15,000 (was $15,000, so unchanged).<\/li>\n<li>The annual gift tax exclusion for a non-citizen spouse will be $155,000 (was $152,000).<\/li>\n<li>The \u201c2 percent\u201d amount for purposes of section 6166 will be $1,550,000 (was $1,520,000).<\/li>\n<li>The limitation on the special use valuation reduction under section 2032A will be $1,160,000 (was $1,140,000).<\/li>\n<li>The top (37%) income tax bracket for estates and trusts will begin at $12,700 (was $12,500).<\/li>\n<li>The alternative minimum tax exemption for a estates and trusts will be $25,000 (was $24,600), and the phaseout of the exemption will start at $83,500 (was $81,900).<\/li>\n<\/ul>\n<p>The Internal Revenue Service will publish the official inflation adjustments in a Revenue Procedure in 4-8 weeks.<\/p>\n<p>[Update on 11\/16\/18: The income tax brackets and exemptions shown in the last two items above are not correct, and the correct numbers can be found in <a href=\"http:\/\/resources.evans-legal.com\/?p=6324\">the report on the official adjustments published in the Rev. Proc. from the Internal Revenue Service<\/a>.]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the release of the Chained Consumer Price Index (C-CPI-U) for August 2018, it\u2019s possible to calculate various inflation adjustments for 2019. The following are the significant federal estate planning numbers, with the numbers for 2018 shown in parentheses: The &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=6172\">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],"tags":[327,481,333,359],"class_list":["post-6172","post","type-post","status-publish","format-standard","hentry","category-news-items","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\/6172","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=6172"}],"version-history":[{"count":3,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/6172\/revisions"}],"predecessor-version":[{"id":6329,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/6172\/revisions\/6329"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}