Estate Planning Key Numbers PC1370-Digital

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.

Wealth | Investments | Planning Commerce Trust Company

ESTATE PLANNING

ESTATE PLANNING KEY NUMBERS

2018 AND 2019 GIFT TAX AND ESTATE TAX RATE SCHEDULE

TENTATIVE TAX EQUALS

TAXABLE GIFT/ESTATE

PLUS OF AMOUNT OVER

0 - $10,000

$0

18% $0

$10,000 - $20,000 $20,000 - $40,000 $40,000 - $60,000 $60,000 - $80,000 $80,000 - $100,000

$1,800

20% $10,000

$3,800 22% $20,000 $8,200 24% $40,000 $13,000 26% $60,000

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

ESTATE PLANNING

ESTATE PLANNING KEY NUMBERS

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.

To explore how the preceding article could potentially impact your investments, please contact a Commerce Trust advisor. 1-855-295-7821 | commercetrustcompany.com

Wealth | Investments | Planning Commerce Trust Company

Commerce Trust Company is a division of Commerce Bank.

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