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Estate Tax / Inheritance Tax & Gift Taxes

Updated 2/14/2024

Estate & Gift Taxes
Married filing jointly if taxable estate is:
OverBut Not OverThe Tax is
$0$10,00018%
$10,000$20,00020%
$20,000$40,00022%
$40,000$60,00024%
$60,000$80,00026%
$80,000$100,00028%
$100,000$150,00030%
$150,000$250,00032%
$250,000$500,00034%
$500,000$750,00037%
$750,000$1,000,00039%
$1,000,000- - -40%

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
201940%$11.4 million$4,505,800
202040%$11.58 million$4,577,800
202140%$11.70 million$4,625,800
202240%$12.06 million$4,769,800
202340%$12.92 million$5,113,800
202440%$13.61 million$5,389,800

Annual Gift Tax Exclusion: Individual donor may gift $18,000 per doner
Annual Gift to Non-Citizen Spouse Exclusion: $185,000
Gift Tax Exemption: $13,610,000
Generation-Skipping Transfer Tax Exemption (GST): $13,610,000 per individual and 27,220,000 for married couples

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.

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