{"id":387,"date":"2012-10-18T17:43:37","date_gmt":"2012-10-18T17:43:37","guid":{"rendered":"http:\/\/pleasantonestateplanninglawyer.com\/blog\/?p=387"},"modified":"2022-06-22T16:49:39","modified_gmt":"2022-06-22T16:49:39","slug":"irs-announces-higher-gift-tax-beneifts-due-to-inflation-for-2013","status":"publish","type":"post","link":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/irs-announces-higher-gift-tax-beneifts-due-to-inflation-for-2013","title":{"rendered":"IRS announces higher gift tax benefits due to inflation for 2013"},"content":{"rendered":"<p><strong>In 2013, Various Tax Benefits Increase Due to Inflation Adjustments<\/strong><\/p>\n<p>WASHINGTON \u2014 For tax year 2013, the Internal Revenue Service announced today annual inflation adjustments for more than two dozen tax provisions.<\/p>\n<ul>\n<li>The annual exclusion for gifts rises to $14,000 for 2013, up from $13,000 for 2012.<\/li>\n<li>The amount used to reduce the net unearned income reported on a child\u2019s tax return subject to the \u201ckiddie tax,\u201d is $1,000, up from $950 for 2012.<\/li>\n<li>The foreign earned income exclusion rises to $97,600, up from $95,100 in 2012.<\/li>\n<\/ul>\n<p>Details on these inflation adjustments and others such as the low-income housing credit, the dollar limits for high-deductible health plans and other amounts can be found in Revenue Procedure 2012-41, which will be published in Internal Revenue Bulletin 2012-45 on<br \/>\nNov. 5, 2012.<\/p>\n<p>Copyright 2012 Phillips Law Offices, A Professional Corporation<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2013, Various Tax Benefits Increase Due to Inflation Adjustments WASHINGTON \u2014 For tax year 2013, the Internal Revenue Service announced today annual inflation adjustments for more than two dozen tax provisions. The annual exclusion for gifts rises to $14,000 for 2013, up from $13,000 for 2012. The amount used to reduce the net unearned &hellip; <a href=\"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/irs-announces-higher-gift-tax-beneifts-due-to-inflation-for-2013\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">IRS announces higher gift tax benefits due to inflation for 2013<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-387","post","type-post","status-publish","format-standard","hentry","category-tax-planning"],"_links":{"self":[{"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/posts\/387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/comments?post=387"}],"version-history":[{"count":4,"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/posts\/387\/revisions"}],"predecessor-version":[{"id":1131,"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/posts\/387\/revisions\/1131"}],"wp:attachment":[{"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/media?parent=387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/categories?post=387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pleasantonestateplanninglawyer.com\/blog\/wp-json\/wp\/v2\/tags?post=387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}