{"id":6324,"date":"2018-11-16T11:35:43","date_gmt":"2018-11-16T16:35:43","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=6324"},"modified":"2018-11-16T11:35:43","modified_gmt":"2018-11-16T16:35:43","slug":"official-inflation-adjustments-for-2019","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=6324","title":{"rendered":"Official Inflation Adjustments for 2019"},"content":{"rendered":"<p>The Internal Revenue Service has released <a href=\"http:\/\/links.govdelivery.com\/track?type=click&amp;enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgxMTE1Ljk3Njg2NzYxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MTExNS45NzY4Njc2MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjE2NDg4JmVtYWlsaWQ9ZGFuQGV2YW5zLWxlZ2FsLmNvbSZ1c2VyaWQ9ZGFuQGV2YW5zLWxlZ2FsLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&amp;&amp;&amp;117&amp;&amp;&amp;https:\/\/www.irs.gov\/pub\/irs-drop\/rp-18-57.pdf\">Rev. Proc. 2018-57<\/a>, 2018-49 I.R.B. ___ (12\/3\/2018), with the official inflation adjustments for 2019.\u00a0 The published adjustments for income taxes differ in many cases from<a href=\"http:\/\/resources.evans-legal.com\/?p=6172\"> the inflation adjustments that were published here in September<\/a>, after the release of the Chained Consumer Price Index (C-CPI-U) for August 2018, but the estate and gift tax numbers turned out as predicted.<\/p>\n<p>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 $12,750 (was $12,500).<\/li>\n<li>The maximum zero rate amount for capital gains for estates and trusts will be $2,650, and the maximum 15-percent rate amount will be $12,950.<\/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>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Internal Revenue Service has released Rev. Proc. 2018-57, 2018-49 I.R.B. ___ (12\/3\/2018), with the official inflation adjustments for 2019.\u00a0 The published adjustments for income taxes differ in many cases from the inflation adjustments that were published here in September, &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=6324\">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":[29,321],"tags":[327,333,359],"class_list":["post-6324","post","type-post","status-publish","format-standard","hentry","category-news-items","category-rulings","tag-federal-estate-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\/6324","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=6324"}],"version-history":[{"count":3,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/6324\/revisions"}],"predecessor-version":[{"id":6327,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/6324\/revisions\/6327"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}