The Estate, Gift, & GST exemption amounts have changed.


Important Updates:

The Estate, Gift, and GST exemption amounts have changed.


The IRS has just released revised inflation-adjusted amounts based on chained CPI as directed in the Tax Cuts and Jobs Act. Most numbers remained the same, including all income tax brackets. Here are the changes:

The Estate Tax exemption amount for 2018 is now $11,180,000 per person and $22,360,000 for a couple. The gift tax and GST exemption amounts have also changed to the new $11,180,000 limit.

The HSA contribution limit for Family HDHP (high deductible health plan) under age 55 for 2018 has decreased from $6,900 to $6,850, and for age 55 and over, it has changed to $7,850. The limit for those with Self-Only HDHP coverage remained unchanged at $3,450 or $4,450 for those age 55 and older.

We have contribution charts provided by our relationship with Ed Slott and Company, if you would like them please let us know.

If you have any questions about the limits or changes in regards to your Retirement Plan Contribution Limits, 2018 Tax Planning, and/or 2018 HSA, please call the Retirement Prosperity Group office at 267-405-6166.


Leave a Comment