2014 Federal Estate and Gift Tax Inflation Adjustments

The IRS has announced the inflation adjustments to various tax features for calendar year 2014. These adjustments include the following:

The federal estate tax exclusion amount for 2014 will be $5,340,000 (up from $5,250,000 in 2013).
The generation skipping tax exclusion amount for 2014 will be $5,340,000 (up from $5,250,000 in 2013).
The annual gift tax exclusion amount will remain at $14,000 for gifts in 2014.
The gift tax annual exclusion for 2014 gifts to a non-U.S. citizen spouse will be $145,000.

By Karen Mason | Published January 2, 2014 | Posted in Uncategorized

Ed Schmierer honored with the David McAlphin Humanitarian Award
Edwin W. Schmierer, Esq moderates Affordable Housing Panel

On June 23, 2022, Mason, Griffin & Pierson, PC, Director, Edwin W. Schmierer, Esq., moderated a panel discussion presented by Affordable Housing Professionals of New Jersey (AHPNJ) concerning the status of affordable housing delivery for the Third Round and preparation for the Fourth Round which commences July 1, 2025. Mr. Schmierer is the President of AHPNJ. The panelists included a representative from the Fair Share Housing Center, former Executive Director of the New Jersey Housing and Mortgage Finance Agency, the Chief of Multifamily Program for NJHMFA and a professional planner who has served as a Special Court Master in 40 plus municipalities for the implementation of Third Round Affordable Housing Plans. Mr. Schmierer chairs the firm's Government Practice Group which represents over 30 municipal governing bodies, land use board and affordable housing committees throughout the State of New Jersey.

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