Tip of the Week: Indexing Coming for Estate and Gift Taxes (12/13/99)

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	Indexing Coming Financial Tip of the Week by Deloitte & Touche OnLine December 13, 1999

Look for changes in important estate and gift tax limits.

See our archive of previous tips on your money, your taxes and your financial plan.

Beginning in 1999, the IRS will begin indexing certain estate and gift tax limits.The following amounts are indexed annually for inflation:

The $10,000 annual exclusion for gifts.
The $750,000 ceiling on special-use valuation.
The $1 million generation-skipping transfer tax exemption.
The $1 million ceiling on the value of a closely held business eligible for a special low interest rate.

Generally, increases in these amounts result in lower taxes.

For more on estate taxes, see our newly updated Estate Planning Guide, as well as our 1999 Tax Planning Guide.