Peacock Tales • Spring 2013
 

Tax Notes

  • Effective as of 2014, the annual gift tax exclusion (the maximum amount a person may gift without filing a gift tax return) is $14,000.00 per person per year.
  • The ceiling for social security wage base for 2013 was raised to $113,700.00, up from $110,000.00 in 2012.


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