Tax Guru – Ker$tetter Letter

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Official IRS Inflation Adjustments For 2006

Posted by taxguru on October 28, 2005

For those who have been hesitant to rely on the computations by outsiders as to the 2006 Federal tax rate schedules and other things that are adjusted annually for inflation, IRS has released its official calculations.  As this announcement mentions, the annual gift tax exclusion will be raised to $12,000 as of 2006, just as predicted by the wizards at CCH a month and a half ago.

Full IRS schedule – 19 pages pdf

 

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