The recently released Rev Proc 2014-61 indicates the 2015 federal tax rates. Of particular interest to estate planning attorneys are the federal gift and estate tax exemption amounts.
The exemption amount for gifts in 2015 remained at $14,000.
The exemption for estates in 2015 increased by $90,000 from $5,340,000 to $5,430,000.
The list of tax rates and exemption amounts can be found at http://www.irs.gov/pub/irs-drop/rp-14-61.pdf
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