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2024 Inflation Adjustments for Individuals in the International Tax Arena

2023-11-09

Arrow showing an increase

Today the IRS published Revenue Procedure 2023-34, setting forth inflation adjusted items for 2024. Some of the important inflation adjustments in the international arena include:

$201,000 --- Code §877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1). This amount is up from $190,000 in 2023.

$866,000 --- Code §877A(a)(1) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate. This amount is up from $821,000 in 2023.

$126,500 --- Code §911(b)(2)(D)(i) --- Foreign earned income exclusion. This amount is up from $120,000 in 2023.

$18,000 --- Code §2503 --- The amount of the annual gift tax exclusion for gifts to any person. This amount is up from $17,000 in 2023.

$185,000 --- Code §2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses. This amount is up from $175,000 in 2023.

$19,570 --- Code §6039F --- Notice of large gifts received from foreign persons. This amount is up from $18,567 in 2023.

$62,000 --- Code §7345 --- Amount of a serious delinquent tax debt. This amount is up from $59,000 in 2023.

Tags: 911 Foreign Earned Income Exclusion, Other - Inflation Adjustments, 877A Individual Expatriation, 2501 Gifts, Authority - Revenue Procedures

2023 Inflation Adjustments for Individuals in the International Tax Arena

2022-10-20

chart with red arrow

This week the IRS published Revenue Procedure 2022-38, setting forth inflation adjusted items for 2023. In the international arena, some of the important inflation adjustments include:

$190,000 --- Code §877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1). This amount is up from $178,000 in 2022.

$821,000 --- Code §877A(a)(1) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate. This amount is up from $767,000 in 2022.

$120,000 --- Code §911(b)(2)(D)(i) --- Foreign earned income exclusion. This amount is up from $112,000 in 2022.

$17,000 --- Code §2503 --- The amount of the annual gift tax exclusion for gifts to any person. This amount is up from $16,000 in 2022.

$175,000 --- Code §2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses. This amount is up from $164,000 in 2022.

$18,567 --- Code §6039F --- Notice of large gifts received from foreign persons. This amount is up from $17,339 in 2022.

$59,000 --- Code §7345 --- Amount of a serious delinquent tax debt. This amount is up from $55,000 in 2022.

Tags: 877A Individual Expatriation, 911 Foreign Earned Income Exclusion, 2501 Gifts, Authority - Revenue Procedures, Other - Inflation Adjustments

2022 Inflation Adjustments for Individuals in the International Tax Arena

2021-11-16

Last week the IRS published Revenue Procedure 2021-45, setting forth inflation adjusted items for 2022. In the international arena, some of the important inflation adjustments include:

$178,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1). This amount is up from $172,000 in 2021.

$767,000 --- Code § 877A(a)(1) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate. This amount is up from $744,000 in 2021.

$112,000 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion. This amount is up from $108,700 in 2021.

$16,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person. This amount is up from $15,000 in 2021.

$164,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses. This amount is up from $159,000 in 2021.

$17,339 --- Code § 6039F --- Notice of large gifts received from foreign persons. This amount is up from $16,815 in 2021.

Tags: 877A Individual Expatriation, 911 Foreign Earned Income Exclusion, 2501 Gifts, Authority - Revenue Procedures, Other - Inflation Adjustments

2021 Inflation Adjustments for Individuals in the International Tax Arena

2020-11-06

Last week the IRS published Revenue Procedure 2020-45, setting forth inflation adjusted items for 2021. In the international arena, some of the important inflation adjustments include:

$172,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1). This amount is up from $171,000 in 2020.

$744,000 --- Code § 877A(a)(1) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate. This amount is up from $737,000 in 2020.

$108,700 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion. This amount is up from $107,600 in 2020.

$15,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person. This amount is the same as in 2020.

$159,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses. This amount is up from $157,000 in 2020.

$16,815 --- Code § 6039F --- Notice of large gifts received from foreign persons. This amount is up from $16,649 in 2020.

Tags: 877A Individual Expatriation, 911 Foreign Earned Income Exclusion, 2501 Gifts, Authority - Revenue Procedures, Other - Inflation Adjustments

2020 Inflation Adjustments for Individuals in the International Tax Arena

2019-11-18

Last week the IRS published Revenue Procedure 2019-44, setting forth inflation adjusted items for 2020. In the international arena, some of the important inflation adjustments include:

$171,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1). This amount is up from $168,000 in 2019.

$737,000 --- Code § 877A(a)(1) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate. This amount is up from $725,000 in 2019.

$107,600 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion. This amount is up from $105,900 in 2019.

$15,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person. This amount is the same as in 2019.

$157,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses. This amount is up from $155,000 in 2019.

$16,649 --- Code § 6039F --- Notice of large gifts received from foreign persons. This amount is up from $16,388 in 2019.

Tags: 877A Individual Expatriation, 911 Foreign Earned Income Exclusion, Authority - Revenue Procedures, Other - Inflation Adjustments

2019 Inflation Adjustments for Individuals in the International Tax Arena

2018-11-20

This week the IRS published Revenue Procedure 2018-57, setting forth inflation adjusted items for 2019. In the international arena, some of the important inflation adjustments include:

$168,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1). This amount is up from $165,000 in 2018. See Rev. Proc. 2017-58.

$725,000 --- Code § 877A(a)(1) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate. This amount is up from $713,000 in 2018. See Rev. Proc. 2017-58.

$105,900 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion. This amount is up from $104,100 in 2018. See Rev. Proc. 2017-58.

$15,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person. This amount is the same as in 2018. See Rev. Proc. 2017-58.

$155,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses. This amount is up from $152,000 in 2018. See Rev. Proc. 2017-58.

$16,388 --- Code § 6039F --- Notice of large gifts received from foreign persons. This amount is up from $16,111 in 2018. See Rev. Proc. 2017-58.

Tags: Authority - Revenue Procedures, Other - Inflation Adjustments

2018 Inflation Adjustments for Individuals in the International Tax Arena

2017-10-20

This week the I.R.S. published Revenue Procedure 2017-58, setting forth inflation adjusted items for 2017. In the international arena, some of the important inflation adjustments include:

$165,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1). This amount is up from $162,000 in 2017. See Rev. Proc. 2016-55.

$713,000 --- Code § 877A(a)(1) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate. This amount is up from $699,000 in 2017. See Rev. Proc. 2016-55.

$104,100 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion. This amount is up from $102,100 in 2017. See Rev. Proc. 2016-55.

$15,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person. This amount is up from $14,000 in 2017. See Rev. Proc. 2016-55.

$152,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses. This amount is up from $149,000 in 2017. See Rev. Proc. 2016-55.

$16,111 --- Code § 6039F --- Notice of large gifts received from foreign persons. This amount is up from $15,797 in 2017. See Rev. Proc. 2016-55.

Tags: Authority - Revenue Procedures, Other - Inflation Adjustments

Failures to Adjust for Inflation

2017-06-21

If Congress pursues tax reform this year, it should consider allowing inflation adjustments for the items discussed below. 

Each year, the IRS publishes inflation adjustments that modify the tax law as originally enacted.  We regularly post about the inflation adjustments in the international tax arena.  However, there are some significant values in the international tax area that are not adjusted for inflation.  In one case, the value has remained unchanged for over eighty years. 

FBAR (FinCEN Form 114)

The FBAR first became required in 1970.  Below is an image from the top of Page 2 of the 1970 Form 1040, asking about foreign bank accounts:

1970fbar

The filing threshold of $10,000 has never been adjusted for inflation (in fact the original threshold of $10,000 was lowered to $1,000 in 1978, increased to $5,000 in 1983, and increased to $10,000 in 1985).  Using an inflation calculator, $10,000 in 1970 is the equivalent of approximately $65,000 today.  The effect of not adjusting the FBAR filing threshold for inflation is that each year more and more people will need to file the FBAR.

When FATCA was enacted in 2010, it created the requirement to file Form 8938 (which reports interests in foreign financial assets).  A single individual living in the U.S. only needs to file a Form 8938 if his or her foreign assets are valued at over $50,000 at the end of the year or $75,000 at any time during the year.  The creation of those thresholds implies that foreign assets under the thresholds are not significant enough to be reported.  The $50,000 / $75,000 thresholds roughly approximate the inflation adjusted FBAR threshold of $65,000.  However, given that the FBAR filing requirement is not indexed for inflation, an individual may have to file the FBAR but not have to file a Form 8938.  For forms that report essentially the same information, this does not make sense.

U.S. Estate Tax for Nonresident, Noncitizen Individuals.

Nonresident noncitizen individuals ("NRNCs") are subject to U.S. estate tax on their U.S. situs assets.  NRNCs can generally invest in the U.S. stock market and avoid U.S. tax on their capital gains.  However, many NRNCs are unaware that if they die while owning stock in U.S. companies (or other U.S. situs assets), the stock is subject to U.S. federal estate tax at rates of up to 40%. 

While U.S. citizens and U.S. domiciled individuals enjoy an effective exemption on the first $5.49 million of their estate, NRNCs only have an effective exemption of $60,000 on their U.S. estate.  Thus, if an NRNC has over $60,000 of U.S. situs assets, he or she will owe U.S. federal estate tax.  The $60,000 threshold was established in 1966, over 50 years ago, and has never been adjusted for inflation.  That $60,000 threshold in 2017 dollars is approximately $462,000!

Nonresident Aliens Performing Services in the U.S. for a Foreign Employer

In general, a nonresident alien can perform personal services in the United States as an employee of a foreign employer (that itself is not engaged in a U.S. trade or business) and not be subject to U.S. tax as long as the nonresident alien is in the U.S. for less than 90 days and the pay for the services is not more than $3,000.  The $3,000 threshold was established in 1936, over eighty years ago, and has never been adjusted for inflation.  That amount in 2017 dollars is approximately $57,000.

U.S. Exit Tax

U.S. citizens that give up their U.S. citizenship and long-term green card holders that give up their green cards can be subject to a U.S. exit tax.  One way that an individual can be subject to the exit tax is if the individual has a net worth of $2 million or more.  This threshold was established in 2004 and has not been indexed for inflation.  The $2 million threshold in 2017 dollars would be approximately $2,642,000.

Another way that an individual can be subject to U.S. exit tax is if the individual’s average annual net income tax for the five years prior to expatriation is greater than $162,000 (for 2017).  Interestingly, this value is indexed for inflation for each year, whereas the net worth test is not indexed for inflation.  This must have been intentional and not an oversight, because the two tests are in consecutive paragraphs of Code §877(a)(2).

Other Miscellaneous Non-Adjusted Values

Several other items that are not adjusted for inflation include:

  • $1,000,000 de minimis exclusion for Subpart F income, set in 1962. In 2017 dollars, the threshold would be approximately $8,200,000.
  • Exemption from FIRPTA withholding on acquisitions of a personal residences for $300,000 or less, set in 1984. In 2017 dollars, the threshold would be approximately $720,000.
  • $100,000 threshold for reporting gifts from nonresident aliens on Form 3520. The value was set in 1997 (Notice 97-34).  In 2017 dollars, the threshold would be approximately $154,000.

If Congress is planning to update the Internal Revenue Code this year, it should consider updating (and then adjusting for inflation) these antiquated values.

Tags: 861 Source of Income, 897 FIRPTA, 951 Subpart F Income, Other - FBAR, Other - Inflation Adjustments

2017 Inflation Adjustments for Individuals in the International Tax Arena

2016-10-27

This week the I.R.S. published Revenue Procedure 2016-55, setting forth inflation adjusted items for 2017.  In the international arena, some of the important inflation adjustments include:
 
$162,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1).  This amount is up from $161,000 in 2016.  See Rev. Proc. 2015-53.
 
$699,000 --- Code § 877A(a)(3) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate.  This amount is up from $693,000 in 2016.  See Rev. Proc. 2015-53.
 
$102,100 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion.  This amount is up from $101,300 in 2016.  See Rev. Proc. 2015-53.
 
$14,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person.  This amount the same as in 2016.  See Rev. Proc. 2015-53.
 
$149,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses.  This amount is up from $148,000 in 2016.  See Rev. Proc. 2015-53.
 
$15,797 --- Code § 6039(F) --- Notice of large gifts received from foreign persons.  This amount is up from $15,671 in 2016.  See Rev. Proc. 2015-53.
Tags: Authority - Revenue Procedures, Other - Inflation Adjustments

2016 Inflation Adjustments for Individuals in the International Tax Arena

2015-10-23

This week the I.R.S. published Revenue Procedure 2015-53, setting forth inflation adjusted items for 2016.  In the international arena, some of the important inflation adjustments include:


$161,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1).  This amount is up from $160,000 in 2015.  See Rev. Proc. 2014-61.

$693,000 --- Code § 877A(a)(3) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate.  This amount is up from $690,000 in 2015.  See Rev. Proc. 2014-61.

$101,300 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion.  This amount is up from $100,800 in 2015.  See Rev. Proc. 2014-61.

$14,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person.  This amount the same as in 2015.  See Rev. Proc. 2014-61.

$148,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses.  This amount is up from $147,000 in 2015.  See Rev. Proc. 2014-61.

$15,671 --- Code § 6039(F) --- Notice of large gifts received from foreign persons.  This amount is up from $15,601 in 2015.  See Rev. Proc. 2014-61.

Tags: Other - Inflation Adjustments

2015 Inflation Adjustments for Individuals in the International Tax Arena

2014-11-02

This week the I.R.S. published Revenue Procedure 2014-61, setting forth inflation adjusted items for 2015.  In the international arena, some of the important inflation adjustments include:


$160,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1).  This amount is up from $157,000 in 2014.  See Rev. Proc. 2013-35.

$690,000 --- Code § 877A(a)(3) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate.  This amount is up from $680,000 in 2014.  See Rev. Proc. 2013-35.

$100,800 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion.  This amount is up from $99,200 in 2014.  See Rev. Proc. 2013-35.

$14,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person.  This amount the same as in 2014.  See Rev. Proc. 2013-35.

$147,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses.  This amount is up from $145,000 in 2014.  See Rev. Proc. 2013-35.

$15,601 --- Code § 6039(F) --- Notice of large gifts received from foreign persons.  This amount is up from $15,358 in 2014.  See Rev. Proc. 2013-35.

Tags: Other - Inflation Adjustments

2014 Inflation Adjustments for Individuals in the International Tax Arena

2013-11-04

Last week the I.R.S. published Revenue Procedure 2013-35, setting forth inflation adjusted items for 2013.  In the international arena, some of the important inflation adjustments include:

$157,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1).  This amount is up from $155,000 in 2013.  See Rev. Proc. 2012-41.

$680,000 --- Code § 877A(a)(3) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate.  This amount is up from $668,000 in 2013    .  See Rev. Proc. 2012-41.

$99,200 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion.  This amount is up from $97,600 in 2013.  See Rev. Proc. 2012-41.

$14,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person.  This amount the same as in 2013.  See Rev. Proc. 2012-41. 

$145,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses.  This amount is up from $143,000 in 2013.  See Rev. Proc. 2012-41. 

$15,358 --- Code § 6039(F) --- Notice of large gifts received from foreign persons.  This amount is up from $15,102 in 2013.  See Rev. Proc. 2012-41.

Tags: Other - Inflation Adjustments

2013 Inflation Adjustments for Individuals in the International Tax Arena

2012-10-23

Last week the I.R.S. published Revenue Procedure 2012-41, setting forth inflation adjusted items for 2013.  In the international arena, some of the important inflation adjustments include:

$155,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1).  This amount is up from $151,000 in 2012.  See Rev. Proc. 2011-52.

$668,000 --- Code § 877A(a)(3) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate.  This amount is up from $651,000 in 2012.  See Rev. Proc. 2011-52.

$97,600 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion.  This amount is up from $95,100 in 2012.  See Rev. Proc. 2011-52.

$14,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person.  This amount is up from $13,000  in 2012.  See Rev. Proc. 2011-52. 

$143,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses.  This amount is up from $139,000 in 2012.  See Rev. Proc. 2011-52. 

$15,102 --- Code § 6039(F) --- Notice of large gifts received from foreign persons.  This amount is up from $14,723 in 2012.  See Rev. Proc. 2011-52.

Tags: Other - Inflation Adjustments

2012 Inflation Adjustments for Individuals in the International Tax Arena

2011-10-24

Last week the I.R.S. published Revenue Procedure 2011-52, setting forth inflation adjusted items for 2012.  In the international arena, some of the important inflation adjustments include:

$151,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1).  This amount is up from $147,000 in 2011.  See Rev. Proc. 2010-40.

$651,000 --- Code § 877A(a)(3) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate.  This amount is up from $636,000 in 2011.  See Rev. Proc. 2010-40.

$95,100 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion.  This amount is up from $92,900 in 2011.  See Rev. Proc. 2010-40.

$13,000 --- Code § 2503 --- The amount of the annual gift tax exclusion for gifts to any person.  This amount is the same at $13,000 as in 2011.  See Rev. Proc. 2010-40. 

$139,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses.  This amount is up from $136,000 in 2011.  See Rev. Proc. 2010-40. 

$14,723 --- Code § 6039(F) --- Notice of large gifts received from foreign persons.  This amount is up from $14,375 in 2011.  See Rev. Proc. 2010-40.

Tags: Authority - Revenue Procedures, Other - Inflation Adjustments

2011 Inflation Adjustments for Individuals in the International Tax Arena

2010-10-28

Today the I.R.S. published Revenue Procedure 2010-40, setting forth inflation adjusted items for 2011.  In the international arena, some of the important inflation adjustments include:

$147,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or cessation of long-term permanent residency) for an individual to be considered a “covered expatriate” under Code § 877A(g)(1).  This amount is up from $145,000 in 2010.  See Rev. Proc. 2009-50.

$636,000 --- Code § 877A(a)(3) --- The amount that can be excluded from the mark-to-market gain upon expatriation of a covered expatriate.  This amount is up from $627,000 in 2010.  See Rev. Proc. 2009-50.

$92,900 --- Code § 911(b)(2)(D)(i) --- Foreign earned income exclusion.  This amount is up from $91,500 in 2010.  See Rev. Proc. 2009-50.

$136,000 --- Code § 2523(i) --- The amount of the annual gift tax exclusion for gifts to non-citizen spouses.  This amount is up from $134,000 in 2010.  See Rev. Proc. 2009-50.

Tags: Other - Inflation Adjustments