• Kara Verby

IRS Annual Inflation Adjustments for 2022

Happy holidays!


As we round the bend into 2022, it may please some of you to review the IRS annual inflation adjustments:


The annual gift tax exclusion has increased to $16K in 2022, from $15K in 2021. This means a single person can now gift up to 16K annually, without federal tax implications.


Gift, estate, and GST tax exemption amount will be $12.06M for 2022 for a single person, up from $11.7M in 2021. It has increased to $24.12M for a married couple, up from $23.4M in 2021.




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