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Estate & Gift Taxes
Married filing jointly if taxable estate is:
Over
But Not Over
The Tax Is
Of 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
$1,250,000
$345,800 + 41%
$1,000,000
$1,250,000
$1,500,000
$448,300 + 43%
$1,250,000
$1,500,000
$2,000,000
$555,800 + 45%
$1,500,000
$2,000,000
And Over
$780,800 + 45%
$2,000,000
Scheduled Estate Tax Changes
Married Filing Jointly:
Year
Top Estate
Tax Rate
Estate Tax
Exemption
Applicable
Credit
2002
50%
$1 million
$345,800
2003
49%
$1 million
$345,800
2004
48%
$1.5 million
$555,800
2005
47%
$1.5 million
$555,800
2006
46%
$2 million
$780,800
2007
45%
$2 million
$780,800
2008
45%
$2 million
$780,800
2009
45%
$3.5 million
$1,455,800
2010
Repealed
N/A
N/A
2011
35%
$5 million
$345,800
2012
35%
$5.12 million
$1 million
2013
55%
$1 million
$345,800
Estate Tax / Inheritance Tax & Gift Taxes
Estate & Gift Taxes
Scheduled Estate Tax Changes
Annual Gift Tax Exclusion: Individual donor may gift $14,000 per
donee
Annual Gift to Non-Citizen Spouse Exclusion: $143,000
Gift Tax Exemption: $1,000,000
Generation-Skipping Transfer Tax Exemption: $1,000,000, plus
an inflation adjustment from 2001 to approximately $1,340,000;
55% Tax Rate






*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.