Thompson Reuters Checkpoint has projected what it believes the transfer tax amounts will be for 2016 based on the average Consumer Price Index (CPI) for the 12-month period ending on August 31, 2015. Thompson Reuters Projected Transfer Tax Amounts
These figures are not official and the Internal Revenue Service will not release the actual figures until later this year.
The “unified credit” or lifetime gift tax and estate tax exemptions are projected to increase from $5,430,000 in 2015 to $5,450,000 in 2016. (Note that the rate is $5 million adjusted for inflation.)
The generation-skipping transfer tax exemption is also projected to increase from $5,430,000 in 2015 to $5,450,000 in 2016.
The gift tax annual exclusion is not projected to increase; it is projected to remain $14,000 in 2016.
The gift tax annual exclusion for gifts to non-citizen spouses is projected to increase from $147,000 in 2015 to $148,000 in 2016.