The following inflation-adjusted amounts are effective January 1, 2015:

• The annual exclusion from gift tax remains at $14,000 per donee.
• The annual exclusion from gift tax for gifts to a non-citizen spouse increases to $147,000 ($145,000 in 2014).
• The gift, estate and generation-skipping transfer tax exclusion amount increases to $5.43 million ($5.34 million in 2014).
• The highest income tax brackets begin at taxable income of:
  • $464,850 (married filing jointly)
  • $232,425 (married filing separately)
  • $439,000 (heads of households)
  • $413,200 (unmarried other than surviving spouses and heads of households)
  • $12,300 (estates and trusts).