2010 Estate and Gift Tax Table
| Taxable Gift/Estate | Tax on | Rate on | |
From | To | Col. 1 | Excess |
$0 | $10,000 | $0 | 18% |
10,001 | 20,000 | 1,800 | 20% |
20,001 | 40,000 | 3,800 | 22% |
40,001 | 60,000 | 8,200 | 24% |
| 60,001 | 80,000 | 13,000 | 26% |
80,001 | 100,000 | 18,200 | 28% |
100,001 | 150,000 | 23,800 | 30% |
150,001 | 250,000 | 38,800 | 32% |
250,001 | 500,000 | 70,800 | 34% |
| 500,001 | ……. | 155,800 | 35% |
2011-2012 Gift and Estate Tax Table
Taxable Gift/Estate | Tax on | Rate on | |
From | To | Col. 1 | Excess |
$0 | $10,000 | $0 | 18% |
10,001 | 20,000 | 1,800 | 20% |
20,001 | 40,000 | 3,800 | 22% |
40,001 | 60,000 | 8,200 | 24% |
60,001 | 80,000 | 13,000 | 26% |
80,001 | 100,000 | 18,200 | 28% |
100,001 | 150,000 | 23,800 | 30% |
150,001 | 250,000 | 38,800 | 32% |
250,001 | 500,000 | 70,800 | 34% |
500,001 | 750,000 | 155,800 | 35% |
| IRC Secs. 2001(c), 2502(a), 2210, as amended by EGTRRA 2001. | |||
2013-2025 Gift and Estate Tax Table
Taxable Gift/Estate | Tax on | Rate on | |
From | To | Col. 1 | Excess |
$0 | $10,000 | $0 | 18% |
10,001 | 20,000 | 1,800 | 20% |
20,001 | 40,000 | 3,800 | 22% |
40,001 | 60,000 | 8,200 | 24% |
60,001 | 80,000 | 13,000 | 26% |
80,001 | 100,000 | 18,200 | 28% |
100,001 | 150,000 | 23,800 | 30% |
150,001 | 250,000 | 38,800 | 32% |
250,001 | 500,000 | 70,800 | 34% |
500,001 | 750,000 | 155,800 | 37% |
750,000 | 1,000,000 | 248,300 | 39% |
1,000,000 | 345,800 | 40% | |
| IRC Secs. 2001(c), 2502(a), 2210, as amended by EGTRRA 2001 and ATRA. | |||
State Estate and Inheritance Tax Table (as of Sept. 1, 2024)
State | Estate Tax (Rate) | Inheritance Tax (Rate) | Exemption |
| Alabama | None | None | |
| Alaska | None | None | |
| Arizona | None | None | |
| Arkansas | None | None | |
| California | None | None | |
| Colorado | None | None | |
| Connecticut1 | 12% | None | $13.61 million |
| Delaware | None | None | |
| District of Columbia | 11.2%-16% | None | $4.71 million |
| Florida | None | None | |
| Georgia | None | None | |
| Hawaii | 10%-20% | None | $5.49 million |
| Idaho | None | None | |
| Illinois | 0.8%-16% | None | $4 million |
| Indiana | None | None | |
| Iowa | None | None | |
| Kansas | None | None | |
| Kentucky2 | None | 4%-16% | $0/$500/$1,000 |
| Louisiana | None | None | |
| Maine | 8%-12% | None | $6.8 million |
| Maryland3 | 0.8%-16% | 10% | $5 million (estate) |
| Massachusetts | 0.8%-16% | None | $2 million |
| Michigan | None | None | |
| Minnesota | 13%-16% | None | $3 million |
| Mississippi | None | None | |
| Missouri | None | None | |
| Montana | None | None | |
| Nebraska | None | 1%-18% | $100,000/$40,000/$25,000 |
| Nevada | None | None | |
| New Hampshire | None | None | |
| New Jersey4 | None | 11%-16% | $25,000 |
| New Mexico | None | None | |
| New York | 3.06%-16% | None | $6.94 million |
| North Carolina | None | None | |
| North Dakota | None | None | |
| Ohio | None | None | |
| Oklahoma | None | None | |
| Oregon | 10%-16% | None | $1 million |
| Pennsylvania5 | None | 4.5%-15% | |
| Rhode Island | 0.8%-16% | None | $1,774,583 million |
| South Carolina | None | None | |
| South Dakota | None | None | |
| Tennessee | None | None | |
| Texas | None | None | |
| Utah | None | None | |
| Vermont | 16% | None | $5 million |
| Virginia | None | None | |
| Washington | 10%-20% | None | $2.193 million |
| West Virginia | None | None | |
| Wisconsin | None | None | |
| Wyoming | None | None | |
| 1 For estates of decedents dying in 2024, the Connecticut estate tax exemption was the same as the federal exemption ($13.61 million in 2024). The estate tax rate is 12% for amounts in excess of the exclusion. 2 In Kentucky, the top inheritance tax rate is 16 percent (exemption threshold for Class C beneficiaries: $500; exemption threshold for Class B beneficiaries: $1,000; Class A beneficiaries, which is the majority, pay no inheritance tax). 3 Maryland’s inheritance tax does not apply to a child or direct descendent, the spouse of a child or direct descendent, a spouse, parent, grandparent, sibling, stepchild or stepparent. For others there is is a tax of 10% 4 In New Jersey, spouses, domestic partners, civil union partners, parents, grandparents, children (including stepchildren), grandchildren (but not step grandchildren) are exempt from the inheritance tax. The $25,000 inheritance tax exemption applies to brothers and sisters of the decedent and spouses or civil union partners of the decedent’s child. There is no exemption for any other person who inherits. 5 In Pennsylvania, the inheritance tax does not apply to surviving spouses, to a parent from a child aged 21 or younger, and to or for the use of a child aged 21 or younger from a parent. The Pennsylvania inheritance tax rates differ depending upon who inherits (children, grandchildren and spouses of children pay a 4.5% rate, while brothers and sisters pay a 12% rate, and all others pay a 15% rate). Adult children, grandparents, and parents are exempt up to $3,500. | |||
Estate Tax Unified Credit
Exclusion | Unified | |
Year | Equivalent | Credit |
| 2006-2008 | $2,000,000 | $780,800 |
2009 | $3,500,000 | $1,455,800 |
| 2010-2011 | $5,000,000 | $1,730,800 |
2012 | $5,120,000 | $1,772,800 |
2013 | $5,250,000 | $2,045,800 |
2014 | $5,340,000 | $2,081,800 |
2015 | $5,430,000 | $2,117,800 |
2016 | $5,450,000 | $2,125,800 |
2017 | $5,490,000 | $2,141,800 |
2018 | $11,180,000 | $4,419,800 |
2019 | $11,400,000 | $4,505,800 |
2020 | $11,580,000 | $4,577,800 |
2021 | $11,700,000 | $4,625,800 |
2022 | $12,060,000 | $4,769,8020 |
2023 | $12,920,000 | $5,113,800 |
2024 | $13,610,000 | $5,389,800 |
2025 | $13,990,000 | $5,541,800 |
| IRC Sec. 2010(c), as amended by EGTRRA 2001 and ATRA. Pub. Law No. 115-97 (2017 Tax Act). | ||
Gift Tax Unified Credit
Exclusion | Unified | |
Year | Equivalent | Credit |
| 2010-2011 | $5,000,000 | $1,730,800 |
| 2012 | $5,120,000 | $1,772,800 |
| 2013 | $5,250,000 | $2,045,800 |
| 2014 | $5,340,000 | $2,081,800 |
| 2015 | $5,430,000 | $2,117,800 |
| 2016 | $5,450,000 | $2,125,800 |
| 2017 | $5,490,000 | $2,141,800 |
| 2018 | $11,180,000 | $4,419,800 |
| 2019 | $11,400,000 | $4,505,800 |
| 2020 | $11,580,000 | $4,577,800 |
| 2021 | $11,700,000 | $4,625,800 |
| 2022 | $12,060,000 | $4,769,800 |
| 2023 | $12,920,000 | $5,113,800 |
| 2024 | $13,610,000 | $5,389,800 |
2025 | $13,990,000 | $5,541,800 |
| IRC Secs. 2505(a), 2010(c), as amended by EGTRRA 2001 and ATRA. Pub. Law No. 115-97 (2017 Tax Act). | ||
Maximum State Death Tax Credit (SDTC)
| Adjusted Taxable Estate | Credit on | Rate on | |
From | To | Col. 1 | Excess |
$40,000 | $90,000 | $0 | 0.8% |
90,001 | 140,000 | 400 | 1.6% |
140,001 | 240,000 | 1,200 | 2.4% |
240,001 | 440,000 | 3,600 | 3.2% |
| 440,001 | 640,000 | 10,000 | 4.0% |
| 640,001 | 840,000 | 18,000 | 4.8% |
840,001 | 1,040,000 | 27,600 | 5.6% |
1,040,001 | 1,540,000 | 38,800 | 6.4% |
1,540,001 | 2,040,000 | 70,800 | 7.2% |
2,040,001 | 2,540,000 | 106,800 | 8.0% |
2,540,001 | 3,040,000 | 146,800 | 8.8% |
3,040,001 | 3,540,000 | 190,800 | 9.6% |
3,540,001 | 4,040,000 | 238,800 | 10.4% |
4,040,001 | 5,040,000 | 290,800 | 11.2% |
5,040,001 | 6,040,000 | 402,800 | 12.0% |
6,040,001 | 7,040,000 | 522,800 | 12.8% |
7,040,001 | 8,040,000 | 650,800 | 13.6% |
8,040,001 | 9,040,000 | 786,800 | 14.4% |
9,040,001 | 10,040,000 | 930,800 | 15.2% |
10,040,001 | ……… | 1,082,800 | 16.0% |
For this purpose, the term “adjusted taxable estate” means the taxable estate reduced by $60,000. | |||
Estate Tax Deferral: Closely Held Business
Year | 2% Interest Limitation |
2001 | $441,000 |
2002 | $484,000 |
2003 | $493,800 |
2004 | $532,200 |
2005 | $539,900 |
2006 | $552,000 |
2007 | $562,500 |
2008 | $576,000 |
2009 | $598,500 |
2010 | $603,000 |
2011 | $601,600 |
2012 | $486,500 |
2013 | $572,000 |
2014 | $580,000 |
2015 | $588,000 |
2016 | $592,000 |
2017 | $596,000 |
2018 | $608,000 |
2019 | $620,000 |
2020 | $628,000 |
2021 | $636,000 |
2022 | $656,000 |
2023 | $700,000 |
2024 | $740,000 |
2025 | $760,000 |
Special Use Valuation Limitation
Year | Limitation |
2001 | $800,000 |
2002 | $820,000 |
2003 | $840,000 |
2004 | $850,000 |
2005 | $870,000 |
2006 | $900,000 |
2007 | $940,000 |
2008 | $960,000 |
2009 | $1,000,000 |
2010 | $1,000,000 |
2011 | $1,020,000 |
2012 | $1,040,000 |
2013 | $1,070,000 |
2014 | $1,090,000 |
2015 | $1,100,000 |
2016 | $1,110,000 |
2017 | $1,120,000 |
2018 | $1,140,000 |
2019 | $1,160,000 |
2020 | $1,180,000 |
2021 | $1,190,000 |
2022 | $1,230,000 |
2023 | $1,310,000 |
2024 | $1,390,000 |
2025 | $1,420,000 |
| IRC Sec. 2032A(a) | |
Qualified Conservation Easement Exclusion
Year | Exclusion |
1998 | $100,000 |
1999 | $200,000 |
2000 | $300,000 |
2001 | $400,000 |
2002 and thereafter | $500,000 |
| IRC Sec. 2031(c)(3). | |
Gift (and GST) Tax Annual Exclusion
Year | Annual |
2009-2010 | $13,000 |
2011-2012 | $13,000 |
2013-2017 | $14,000 |
2018-2021 | $15,000 |
2022 | $16,000 |
2023 | $17,000 |
2024 | $18,000 |
2025 | $19,000 |
| IRC Sec. 2503(b). | |
Gift Tax Annual Exclusion
(Donee Spouse not U.S. Citizen)
Year | Annual |
1997-1998 | $100,000 |
1999 | $101,000 |
2000 | $103,000 |
2001 | $106,000 |
2002 | $110,000 |
2003 | $112,000 |
2004 | $114,000 |
2005 | $117,000 |
2006 | $120,000 |
2007 | $125,000 |
2008 | $128,000 |
2009 | $133,000 |
2010 | $134,000 |
2011 | $136,000 |
2012 | $139,000 |
2013 | $143,000 |
2014 | $145,000 |
2015 | $147,000 |
2016 | $148,000 |
2017 | $149,000 |
2018 | $152,000 |
2019 | $155,000 |
2020 | $157,000 |
2021 | $159,000 |
2022 | $164,000 |
| IRC Sec. 2523(i). As updated by Rev. Proc. 2021-45. | |
Generation-Skipping Transfer Tax Table
Year | Tax Rate |
2002 | 50% |
2003 | 49% |
2004 | 48% |
2005 | 47% |
2006 | 46% |
2007-2009 | 45% |
2010 | 0% |
2011-2012 | 35% |
2013-2024 | 40% |
| 2025 | TBD |
| IRC Secs. 2641, 2001(c), 2664, as amended by EGTRRA 2001 and ATRA. | |
Generation-Skipping Transfer Tax Exemption
Year | GST |
| 2001 | $1,060,000 |
| 2002 | $1,100,000 |
2003 | $1,120,000 |
2004-2005 | $1,500,000 |
2006-2008 | $2,000,000 |
2009 | $3,500,000 |
2010-2011 | $5,000,000 |
2012 | $5,120,000 |
2013 | $5,250,000 |
2014 | $5,340,000 |
2015 | $5,430,000 |
2016 | $5,450,000 |
2017 | $5,490,000 |
2018 | $11,180,000 |
2019 | $11,400,000 |
2020 | $11,580,000 |
2021 | $11,700,000 |
2022 | $12,060,000 |
2023 | $12,920,000 |
2024 | $13,610,000 |
2025 | $13,990,000 |
| *Plus increases for indexing for inflation after 2012. | |
| IRC Secs. 2631, 2010(c), as amended by EGTRRA 2001 and ATRA, Pub. Law No. 115-97 (2017 Tax Act). | |
Indexed Amounts Source
Year | Rev. Proc. |
2003 | 2002-70, 2002-46 IRB 845 |
| 2004 | 2003-85, 2003-49 IRB 1184 |
2005 | 2004-71, 2004-50 IRB 970 |
2006 | 2005-70, 2005-47 IRB 979 |
2007 | 2006-53, 2006-48 IRB 996 |
2008 | 2007-66, 2007-45 IRB 970 |
2009 | 2008-66, 2008-45 IRB 1107 |
2010 | 2009-50, 2009-45 IRB 617 |
2011 | 2010-40, 2010-46 IRB 663 |
2012 | 2011-52, 2011-45 IRB 701 |
2013 | 2012-15, 2013-5 IRB 444 |
2014 | 2013-35, 2013 -47 IRB 537 |
2015 | 2014-61,2014-47 IRB 860 |
2016 | 2015-53, 2015-44 IRB 1 |
2017 | 2016-55, 2016-45 IRB 1 |
2018 | 2017-58, 2017-42 IRB 1; Pub. Law No. 115-97 (2017 Tax Act) |
2019 | 2018-57, 2018-49, IRB 1 |
2020 | 2019-44, 2019-47, IRB 1 |
2021 | 2020-45, 2020-46, IRB 1 |
| 2022 | 2021-45, 2021-48, IRB 1 |
| 2023 | 2022-38; 2022-45 IRB 445 |
| 2024 | 2023-34, 2023-48 IRB 1287 |
2025 | 2024-40 |