For 2018, the personal exemption amount is projected to increase slightly from $4,050 to $4,150. Standard deduction amounts also will increase slightly next year.
The estate tax basic exclusion for decedents dying in 2018 will be $5.6 million. The exclusion amount was $5.49 million in 2017.
Similar changes will be made in numerous other categories. The entire Bloomberg BNA report is available here.