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re: 2013 IRS Inflation Adjustments re: IRA's & Gift taxes

Posted on 10/19/12 at 12:30 pm to
Posted by LSURussian
Member since Feb 2005
128384 posts
Posted on 10/19/12 at 12:30 pm to
quote:

The annual exclusion for gifts rises to $14,000, the first increase in several years. Next year taxpayers may make tax-free gifts up to $14,000 to as many different individuals as they desire, up from $13,000 this year.


Finally!!! It's about time....
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