Estate Planning Key Numbers

Estate Tax Changes Under the 2010 and 2012 Tax Acts
December 30, 2016
Dynasty Trust
December 30, 2016

You will find here some key numbers associated with estate planning, as well as the federal gift tax and estate tax rate schedules for 2017 and 2018.

2017 2018
Annual gift tax exclusion: $14,000 $15,000
Gift tax and estate tax applicable exclusion amount: $5,490,0001+ DSUEA2 $11,180,0001+ DSUEA2
Non-citizen spouse annual gift tax exclusion: $149,000 $152,000
Generation-skipping transfer (GST) tax exemption: $5,490,0003 $11,180,0003
GST tax rate 40% 40%
Special use valuation limit (qualified real property in decedent’s gross estate): $1,120,000 $1,140,000

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

2017 and 2018 Gift Tax and Estate Tax Rate Schedule
Taxable Gift/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 + $345,800 40% $1,000,000
Credit shelter amount: $5,490,000 in 2017, $11,180,000 in 2018 Unified credit amount: $2,141,800 in 2017, $4,417,800 in 2018