2015 Inflation Adjusted Tax Numbers

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The following inflation-adjusted amounts are effective January 1, 2015:

  • Annual exclusion from gift tax remains at $14,000 per donee.
  • Annual exclusion from gift tax for gifts to a non-citizen spouse increases to $147,000 ($145,000 in 2014).
  • Gift, estate and generation-skipping transfer tax exclusion amount increases to $5.43 million ($5.34 million in 2014).
  • Highest income tax brackets begin at taxable income of:
    • $464,850 (married filing jointly)
    • $232,425 (married filing separately)
    • $439,000 (heads of households)
    • $413,200 (unmarried other than surviving spouses and heads of households)
    • $12,300 (estates and trusts).

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