CCH's Projected Tax Inflation Adjustments for 2010
Posted by: Michael P. Pancheri
in Gift Taxes
on Nov 09, 2009
Tagged in: gift tax , estate planning
Commerce Clearing House (CCH) has projected that the annual gift-tax exclusion will remain at $13,000 for 2010. It has also projected that the first $134,000 of gifts to a non-citizen spouse will not be included in the donor spouse's annual taxable gifts under I.R.C. Section 2503 (taxable gifts) and Section 2523(i) (gifts to spouse).
CCH's projections are based upon the increase in the Consumer Price Index for All Urban Consumers for the 12-month period ending August 31, 2009.
It should be noted that these projections are not official. The official IRS figures will be released before year end.
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