Last month, the Internal Revenue Service announced its annual inflation adjustments for tax year 2023. In general, values have risen by about 7%. Notable changes include increases in:

• Standard deductions
• Marginal tax rates
• Unified gift and estate tax exemptions
• Annual gift tax exclusions

Learn more about these and other tax changes by visiting www.irs.gov, and contact Duke’s Office of Gift Planning at (919) 681-0464 or giftplanning@duke.edu to find out how these changes might impact your charitable giving plans.

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Gift Planning

giftplanning@duke.edu

Duke’s Office of Gift Planning has charitable planning professionals who are available to work with you and your financial advisors. Contact them today at giftplanning@duke.edu or (919) 681-0464.