Insights
Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.
Each year, certain federal estate, gift and generation-skipping transfer (GST) tax figures are subject to inflation adjustments. For 2017, the annual exclusion amount for gifts remains at $14,000. The federal estate, gift and GST tax exemption amount for estates of decedents dying in 2017 and gifts made in 2017 is increased to $5.49 million. The annual exclusion amount for gifts made to a noncitizen spouse in 2017 is increased to $149,000.
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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.