Here’s an overview of the latest relevant figures for business, estate and protection planning, courtesy of Forefield. Click here to download a printable version of this chart.
|Earnings subject to FICA taxes (taxable wage base):|
|Qualified transportation fringe benefits:|
|Standard mileage rate (per mile):|
Here are the estate planning numbers:
|Annual gift exclusion||$14,000||$14,000||$14,000|
|Gift and estate tax basic exclusion amount:||$5,340,000||$5,430,000||$5,450,000|
|Noncitizen spouse annual gift tax exclusion:||$145,000||$147,000||$148,000|
Here are the protection planning numbers:
|Per diem limit: periodic payments for qualified long-term care insurance/certain life insurance||$330||$330||$340|
|Flexible spending account (FSA) for health care–maximum salary reduction contribution||$2,500||$2,550||$2,550|
|Health savings accounts (HSAs)|
Source: Broadridge, Forefield – http://www.forefield.com
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