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1992-2 C.B. 579), for the value of insubstantial benefits that may be received by a donor in return for a contribution, without causing the contribution to fail to be fully deductible, are $11.30, $56.50 and $113, respectively. .35 Special Rules for Credits and Deductions. For taxable years beginning in 2021, the amount of the deduction under § 642(b)(2)(C)(i) is $4,300. .36 Tax on Insurance Companies Other than Life Insurance Companies. For taxable years beginning in 2021, under § 831(b)(2)(A)(i) the amount of the limit on net written premiums or direct written premiums (whichever is greater) is $2,400,000 to elect the alternative tax for certain small companies under § 831(b)(1) to be taxed only on taxable investment income. .37 Expatriation to Avoid Tax. For calendar year 2021, under § 877A(g)(1)(A), unless an exception under § 877A(g)(1)(B) applies, an individual is a covered expatriate if the individual’s “average annual net income tax” under § 877(a)(2)(A) for the five taxable years ending before the expatriation date is more than $172,000. .38 Tax Responsibilities of Expatriation. For taxable years beginning in 2021, the amount that would be includible in the gross income of a covered expatriate by reason of § 877A(a)(1) is reduced (but not below zero) by $744,000 pursuant to § 877A(a)(3). .39 Foreign Earned Income Exclusion. For taxable years beginning in 2021, the foreign earned income exclusion amount under § 911(b)(2)(D)(i) is $108,700. .40 Debt Instruments Arising Out of Sales or Exchanges. For calendar year 2021, a qualified debt instrument under § 1274A(b) has stated principal that does not exceed $6,099,500, and a cash method debt instrument under § 1274A(c)(2) has stated principal that does not exceed $4,356,800.

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Official source

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1992-2 C.B. 579), for the value of insubstantial benefits that may be received by a donor in return for a contribution, without causing the contribution to fail to be fully deductible, are $11.30, $56.50 and $113, respectively. .35 Special Rules for Credits and Deductions. For taxable years beginning in 2021, the amount of the deduction under § 642(b)(2)(C)(i) is $4,300. .36 Tax on Insurance Companies Other than Life Insurance Companies. For taxable years beginning in 2021, under § 831(b)(2)(A)(i) the amount of the limit on net written premiums or direct written premiums (whichever is greater) is $2,400,000 to elect the alternative tax for certain small companies under § 831(b)(1) to be taxed only on taxable investment income. .37 Expatriation to Avoid Tax. For calendar year 2021, under § 877A(g)(1)(A), unless an exception under § 877A(g)(1)(B) applies, an individual is a covered expatriate if the individual’s “average annual net income tax” under § 877(a)(2)(A) for the five taxable years ending before the expatriation date is more than $172,000. .38 Tax Responsibilities of Expatriation. For taxable years beginning in 2021, the amount that would be includible in the gross income of a covered expatriate by reason of § 877A(a)(1) is reduced (but not below zero) by $744,000 pursuant to § 877A(a)(3). .39 Foreign Earned Income Exclusion. For taxable years beginning in 2021, the foreign earned income exclusion amount under § 911(b)(2)(D)(i) is $108,700. .40 Debt Instruments Arising Out of Sales or Exchanges. For calendar year 2021, a qualified debt instrument under § 1274A(b) has stated principal that does not exceed $6,099,500, and a cash method debt instrument under § 1274A(c)(2) has stated principal that does not exceed $4,356,800.