Estate Tax / Inheritance Tax & Gift Taxes

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Estate Tax / Inheritance Tax & Gift Taxes

Estate & Gift Taxes
Married filing jointly if taxable estate is:
OverBut Not OverThe Tax isOf The Amount Over
$0$10,000$0 + 18%$0
$10,000$20,000$1,800 + 20%$10,000
$20,000$40,000$3,800 + 22%$20,000
$40,000$60,000$8,200 + 24%$40,000
$60,000$80,000$13,000 + 26%$60,000
$80,000$100,000$18,200 + 28%$80,000
$100,000$150,000$23,800 + 30%$100,000
$150,000$250,000$38,800 + 32%$150,000
$250,000$500,000$70,800 + 34%$250,000
$500,000$750,000$155,800 + 37%$500,000
$750,000$1,000,,000$248,300 + 39%$750,000
$1,000,000- - -$345,800 + 40%$1,000,000

Scheduled Estate Tax Changes
Married Filing Jointly:
YearTop Estate Tax RateEstate Tax ExemptionApplicable Credit
200250%$1 million$345,800
200349%$1 million$345,800
200448%$1.5 million$555,800
200547%$1.5 million$555,800
200646%$2 million$780,800
200745%$2 million$780,800
200845%$2 million$780,800
200945%$3.5 million$1,455,800
2010RepealedN/AN/A
Apply 2010 Tax Act35%$1 million$1,738,000
201135%$5 million$1,738,000
201235%$5.12 million$1,772,800
201340%$5.25 million$2,045,800
201440%$5.34 million$2,081,800
201540%$5.43 million$2,117,800
201640%$5.45 million$2,125,800
201740%$5.49 million$2,141,800
201840%$5.60 million$2,185,800

Annual Gift Tax Exclusion: Individual donor may gift $15,000 per done
Annual Gift to Non-Citizen Spouse Exclusion: $152,000
Gift Tax Exemption: $5,600,000
Generation-Skipping Transfer Tax Exemption: $11,200,000 per individual and 22,400,00 for married couples, through 2025.

Related: Tax Rate Alternative Minimum Tax Child Taxes R&D Tax Credit Gift Taxes Gift Cards 1031 Tax Exchange Property Tax Tax Audit What is Depreciation What is a Tax Shelter

*The material represented above is provided for informational purposes only and should not be construed as tax or legal advice. The information presented here has been obtained from publicly available sources and is believed to be accurate and current. Always consult a qualified tax and estate planning advisor.