by Joel Roettger | Nov 14, 2016 | Estate Planning, Retirement Assets, Tax
401(k), 403(b), most 457 plans, and Thrift Savings Plans18,000 Catch-up contribution limit for employees 50 and older6,000 IRAs (Traditional and Roth)5,500 Catch-up contribution limit 1,000 Source: IRS Notice 2016-62 Posted by Joel D. Roettger, JD, LLM,...
by Joel Roettger | Nov 7, 2016 | Estate Planning, Tax
But the gift tax annual exclusion will remain unchanged: Estate Tax Exemption ("Basic Exclusion Amount")$5,490,000 Applicable Credit Amount$2,141,800 Generation-Skipping Transfer (GST) Tax Exemption$5,490,000 Gift Tax Annual Exclusion$14,000 Generally speaking, the...
