The IRS released the inflation adjustments affecting various sections of the Internal Revenue Code for 2013. The gift tax annual exclusion amount will increase to $14,000 starting January 1, 2013, up from $13,000 this year. This means that the maximum amounts withdrawable pursuant to a Crummey power in an insurance trust or other trust increases to $14,000. In addition, the first $143,000 of gifts to a spouse who is not a citizen of the United States are not included in the total amount of taxable gifts under sections 2503 and 2523 of the Code. This is up from $139,000 in 2012.