$13,000 Annual Exclusion for 2011

11/11/2010

While the future of the federal estate tax is still currently up in the air, the federal gift tax is here to stay. The Internal Revenue Service recently issued Rev. Proc. 2010-40 which states that in 2011 the annual gifting exclusion amount will remain at $13,000 per donee (or $26,000 for married couples who elect gift splitting).