The IRS has announced for 2020:
A. The basic estate and gift tax exclusion amount (and the GST exemption) will be $11,580,000;
B. The gift tax annual exclusion will remain $15,000; and
C. The gift tax annual exclusion for gifts to a non-U.S. citizen spouse will be $157,000.
I have updated my historic table of exclusion amounts for the new year. You can download a copy here.
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