The IRS released a number of inflation-adjusted tax amounts for 2013 including, for example: (1) the amount used to reduce the net unearned income reported on a child’s return that is subject to the “kiddie tax” increased from $950 to $1,000; (2) the annual exclusion for gifts is raised from $13,000 to $14,000; and (3) the foreign earned income exclusion goes up from $95,100 to $97,600. In addition, the IRS updated the limitations for eligible long-term care premiums, and Medical Savings Accounts (MSAs). For 2013, a high-deductible health plan is defined under IRC Sec. 220(c)(2) as a health plan with an annual deductible that is not less than $2,150 and not more than $3,200 for self-only coverage ($4,300 and $6,450 for family coverage), and an annual limit on out-of-pocket expenses (other than premiums) of $4,300 for self-only coverage ($7,850 for family coverage). Rev. Proc. 2012-41, 2012-45 IRB and News Release IR 2012-78.