Sunday, November 04, 2012

SOME 2013 INFLATION-ADJUSTED NUMBERS

Kiddie Tax Exemption $2,000
Special Use Valuation Reduction Limit $1,070,000
Regular Gift Tax Annual Exclusion $14,000
Increased Annual Exclusion for Gifts to Noncitizen Spouses $143,000
Reporting Foreign Gifts $100,000 for gifts from nonresident alien individuals or foreign estates, $15,102 for gifts from foreign corporations and foreign partnerships
Foreign Earned Income Exclusion $97,600
Social Security Wage Cap $113,700
401k Limit $17,500
Defined Contribution Plan Limit $51,000
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