Tax Change for 2019
The IRS has increased the applicable exclusion amount for estate and gift tax purposes and the generation skipping tax exclusion to $11,400,000 per person and $22,800,000 per married couple, for the calendar year 2019. Rev Proc 2018-57
The annual gift tax exclusion will remain at $15,000 for the calendar year 2019. Rev Proc 2018-57