2019 Inflation Adjustments

Each year, certain federal estate, gift and generation-skipping transfer (GST) tax figures are subject to inflation adjustments:

• For 2019, the annual exclusion amount for gifts remains at $15,000.
• The federal estate, gift and GST tax exemption amount for gifts made in 2019 and decedents dying in 2019 increases to $11,400,000 (from $11,180,000 in 2018). (For further information on changes to the exemption amount under last year's tax law, see our March 2018 Update article, " Estate Planning Under the New Tax Law.")
• The annual exclusion amount for gifts made to a noncitizen spouse in 2019 increases to $155,000 (from $152,000).

There are some changes to exemption amounts in our footprint states as well: