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2015 Estate Tax Exclusion Increase Announced

At the end of 2010 a tax relief act was passed, and provisions within this legislative measure set the estate tax exclusion at $5 million in 2011. The credit or exclusion is the amount that you can transfer to people other than your spouse in a tax-free manner. Because of the existence of the unlimited marital deduction, you can leave any amount of property to your spouse free of the federal death tax. An inflation adjustment was applied for 2012 that set the exclusion at $5.12 million. At the end of that year, the American Taxpayer Relief Act of 2012 was enacted. This measure retained the same exclusion with ongoing inflation adjustments. Throughout 2014 we have been working with a $5.34 million federal estate tax exclusion. Because the year is rapidly coming to a close, the Internal Revenue Service has released the amount of the inflation adjustment for 2015. During the 2015 calendar year, the federal estate tax exclusion is going to be $5.43 million. Unified Exclusion To prevent pe
http://www.preserveyourestate.net/2015-estate-tax-exclusion-increase-announced/

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