You will find here some key numbers associated with estate planning, as well as the federal estate tax rate schedules for 2010 through 2012, and the tentative schedule for 2013. | 2010 | 2011 |
|---|
| Annual gift exclusion: | $13,000 | $13,000 | | Estate tax basic1 exclusion amount: | $5,000,000 | $5,000,000 + DSUEA2 | | Gift tax applicable exclusion amount: | $1,000,000 | | Noncitizen spouse annual gift exclusion: | $134,000 | $136,000 | | Generation-skipping transfer (GST) tax exemption: | $5,000,000 | $5,000,0003 | | Special use valuation limit (qualified real property in decedent's gross estate): | $1,000,000 | $1,020,000 |
1 Formerly called applicable exclusion amount
2 Deceased spousal unused exclusion amount (new for 2011)
3 The GST tax exemption is not portable 2010 through 2012 Estate Tax Rate Schedule| Taxable Estate | Tentative Tax Equals | Plus | Of 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 + | $155,800 | 35% | $500,000 | | Credit shelter amount $5,000,000 | Credit amount $1,730,800 | Under the sunset provision of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the gift and estate and GST tax exemptions referenced above will revert to $1 million in 2013, and the maximum tax rate will revert to 55%. Tentative 2013 Estate Tax Rate Schedule| Taxable Estate | Tentative Tax Equals | Plus | Of 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 - $2,500,000 | $780,800 | 49% | $2,000,000 | | $2,500,000 - $3,000,000 | $1,025,800 | 50% | $2,500,000 | | $3,000,000 - $10,000,000 | $1,290,800 | 55% | $3,000,000 | | $10,000,000 - $17,184,000 | $5,140,800 | 60% | $10,000,000 | | $17,184,000 + | $9,451,200 | 55% | $17,184,000 | | Credit shelter amount $1,000,000 | Credit amount $345,800 | |
