IRS Inflation Adjustments for 2014 - Estate and Gift Tax

Revenue Procedure 2013-35, published October 31, 2013, provides, inter alia, the following inflation adjustments for 2014:

$5,340,000 – basic exclusion amount for determining the unified credit (section 2.32)
$1,090,000 - the section 2032A maximum value decrease (section 2.33)
$14,000 - gift tax annual exclusion (section 2.34)
$1,450,000 – the section 6601(j)(2)(A) maximum business value on which the 2% portion of deferred tax is calculated (section 2.41)

$580,000 - indicated maximum amount of tax that can be deferred at the 6601(j) 2% interest rate. (A table shows the computation of this number).

$2,081,800 - indicated unified credit for 2014