Annual Gift Tax Exclusion amount for 2015 remains at $14,000 per donee without reducing the giver’s estate and lifetime gift tax exclusion amount. The "No Health Care Insurance Penalty" has increased to the higher of 2% of household income or $325 per adult and $162.50 per child under 18. As a reminder, U.S. persons holding any financial interest in, or signature or other authority over, a foreign financial account exceeding $10,000 at any time in a calendar year must file a