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Estate Planning Key Numbers PC1370-Print

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ESTATE PLANNING

ESTATE PLANNING KEY NUMBERS

You will find here some key numbers associated with estate planning, as well as the federal gift tax and estate tax rate schedules for 2018 and 2019.

2018

2019

Annual gift tax exclusion:

$15,000

$15,000

Gift tax and estate tax applicable exclusion amount: Noncitizen spouse annual gift tax exclusion: Generation-skipping transfer (GST) tax exemption:

$11,180,000 1 + DSUEA 2

$11,400,000 1 + DSUEA 2

$152,000

$155,000

$11,180,000 3

$11,400,000 3

GST tax rate

40%

40%

Special use valuation limit (qualified real property in decedent’s gross estate): $1,140,000

$1,160,000

1 The basic exclusion amount. 2 Deceased spousal unused exclusion amount (for 2011 and later years) 3 The GST tax exemption is not portable.

2018 AND 2019 GIFT TAX AND ESTATE TAX RATE SCHEDULE

TAXABLE GIFT/ESTATE

TENTATIVE TAX EQUALS

PLUS 18% 20% 22% 24% 26% 28% 30% 32% 34% 37% 39% 40%

OF AMOUNT OVER

0 - $10,000

$0

$0

$10,000 - $20,000 $20,000 - $40,000 $40,000 - $60,000 $60,000 - $80,000 $80,000 - $100,000 $100,000 - $150,000 $150,000 - $250,000 $250,000 - $500,000 $500,000 - $750,000 $750,000 - $1,000,000

$1,800 $3,800 $8,200 $13,000 $18,200 $23,800 $38,800 $70,800 $155,800 $248,300 $345,800

$10,000 $20,000 $40,000 $60,000 $80,000 $100,000 $150,000 $250,000 $500,000 $750,000

$1,000,000 + $1,000,000 Credit shelter amount: $11,180,000 in 2018, $11,400,000 in 2019 Unified credit amount: $4,417,800 in 2018, $4,505,800 in 2019

Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable – we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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