Several income tax provisions are adjusted for inflation each year. The IRS recently released the official inflation adjusted data. One item of interest that increased was the annual gift tax limit. The amount each person can gift during the year, without having to file a gift tax return, increased to $15,000.00 per donee. The IRS also withdrew proposed regulations which would have limited discounts on transferring entities.
Follow the link to read more about the official data the IRS recently released.