
: skip to main skip to sidebar Kopsa Otte Agriculture Blog Kopsa Otte CPAs Advisors have been involved in Income Tax Planning , Estate Planning Succession Planning for over 30 years . For more information about Kopsa Otte services , please contact us via e-mail at lkopsa kopsaotte.com or call 800-975-4829. Thursday , September 13, 2012 IRS ANNOUNCES 2013 IRA AND GIFT TAX NUMBERS Two tax breaks will be larger next year , thanks to an increase in . inflation The ceiling on IRA contributions will jump to 5,500, a 500 increase As a result , taxpayers age 50 or older in 2013 will be able to put in up to 6,500. It is also calculated that the annual gift tax exclusion will rise to 14,000, up 1,000 from 2012. This is not official . yet The Revenue Service will officially announce these figures