IRS Releases Inflation Adjustments–gift tax exemption increased
The IRS just released various inflation-adjustments for 2013 (Rev. Proc. 2012-41, 2012-45), including:Gift Tax Exemption: $14,000 (up $1,000 from 2012)Contribution Limit for 401(k)/403(b)/457 Plans: $17,500 [...]