IRS increases in the foreign-earned income exclusion and estate exclusion for 2015


The foreign-earned income exclusion for US persons will rise by $1,600 to $100,800 in the 2015 tax year.

The estate exclusion will go up by $90,000 to $5,430,000.

The annual gifts exclusion remains at $14,000, but the exclusion for gifts to a foreign spouse will increase by $2,000 to $147,000.


Click here for details.


Back to all posts

News RSS

Transfer Pricing - CRA states that the cost of capital property does not become statute barred

(June 14, 2017) Generally transactions becomes “statute barred” in Canada after three years and...

» more

UHY Global Study: Capital Investments

(April 10, 2017) Canadian capital investment lags the world average, putting future Canadian...

» more

2017 Canada US Cross Border Tax Guide

(Jan 10, 2017) This guide provides an update of tax issues and trends involving the US and...

» more



FAQ

Is it better to lease or buy a new vehicle?

» more


Regulation 105 - Withholding tax rules for US and other foreign residents providing services in Canada

» more


What tax benefits are available for home renovations?

» more


UHY VICTOR SENCRL • LLP
Société de comptables
professionnels agréés •
Partnership of Chartered
Professional Accountants

759, rue du Square-Victoria, #400
Montréal, Québec, H2Y 2J7
Canada

+1 514 282 1836

UHY VICTOR UHY VICTOR LLP (the “Firm”) is a member of Urbach Hacker Young International Limited, a UK company, and forms part of the international UHY network of legally independent accounting and consulting firms. UHY is the brand name for the UHY international network. The services described herein are provided by the Firm and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.