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Updated Key Federal Tax Figures for 2018

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The IRS has released adjustments to several of the amounts we previously reported in our Key Federal Tax Figures summary. These adjustments were necessary due to a change in the inflation measure required to be used under the tax reform legislation passed in December.

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What Changed
Note the updated 2018 amounts for the following:

 In 2017 and Returns for 2017In 2018 and Returns for 2018
Foreign earned income exclusion$102,100$103,900
Maximum value of de minimus benefit2% of gift, but max. $107.002% of gift, but max. $108.00
Maximum contribution and maximum cost of tokenMinimum gift: $53.50
Maximum cost: $10.70
Minimum gift: $54.00
Maximum cost: $10.80

Please contact us with any questions.

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