2012 Estate Tax Exemption Increase | John R. Dundon II Enrolled Agent 85353 Federally Authorized Tax Practitioner

2012 Estate Tax Exemption Increase

October 26, 2011 John R. Dundon II Generation Ski[[ing Transfer Tax, Gift Tax

IRS Rev. Proc. 2011-52 states that the federal estate tax exemption will increase from $5,000,000 to $5,120,000 for the estates of decedents who die in 2012. Subsequently the lifetime gift tax and generation skipping transfer tax exemptions will increase from $5,000,000 to $5,120,000 in 2012 as well.

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