Home >
Publications > Federal Estate and Gift Tax and Generation-Skipping Transfer Tax
Federal Estate and Gift Tax and Generation-Skipping Transfer Tax
| Year |
Estate Tax
Applicable Exclusion
and GST Tax Exemption |
GiftTax
Applicable
Exclusion |
Highest Estate,
GST and
Gift Tax Rates |
| 2002 |
$1.0 Million* |
$1.0 Million |
50% |
| 2003 |
$1.0 Million* |
$1.0 Million |
49% |
| 2004 |
$1.5 Million |
$1.0 Million |
48% |
| 2005 |
$1.5 Million |
$1.0 Million |
47% |
| 2006 |
$2.0 Million |
$1.0 Million |
46% |
| 2007 |
$2.0 Million |
$1.0 Million |
45% |
| 2008 |
$2.0 Million |
$1.0 Million |
45% |
| 2009 |
$3.5 Million |
$1.0 Million |
45% |
| 2010 |
Estate Tax Repeal |
$1.0 Million |
35%** |
| 2011 |
$1.0 Million |
$1.0 Million |
60% |
* GST Tax Exemption indexed for inflation
** Gift Tax
______________________________________________________________
2006 - Gift TaxAnnual Exclusion - $12,000*
* Indexed for inflation -
Unlimited Gift Tax Exclusion for amounts paid on behalf of any donee directly to an educational organization, limited solely to tuition costs and amounts paid to health care providers for medical services on behalf of such donee.