Thomson Reuters Checkpoint has calculated the projected inflation-adjusted amounts for several transfer tax figures for 2016. These calculations are based on the average Consumer Price Index (CPI) for the 12-month period ending on August 31, 2015. Please note that these are the projected inflation-adjustments and not the official figures from the IRS which will be released later in the year.

The following relevant items are included within this report:

  • The “unified credit” or lifetime gift tax and estate tax exemptionsare projected to increase from $5,430,000 in 2015 to $5,450,000 in 2016.
  • The generation-skipping transfer tax exemption is also projected to increase from $5,430,000 in 2015 to $5,450,000 in 2016.
  • The gift tax annual exclusion is not projected to increase; it is projected to remain $14,000 in 2016.
  • The gift tax annual exclusion for gifts to non-citizen spouses is projected to increase from $147,000 in 2015 to $148,000 in 2016.

Additional information on these and other projected tax related inflation-adjusted figures for 2016 can be found in the following report: 2016 Inflation-Adjusted Figures Report.