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 2017 and 2018.

2017

2018

Annual gift tax exclusion:

$14,000

$15,000

$11,200,000 1 + DSUEA 2

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

$5,490,000 1 + DSUEA 2

$149,000 $152,000

$5,490,000 3 $11,200,000 3

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. The 2018 amount may be adjusted by the IRS. 2 Deceased spousal unused exclusion amount (for 2011 and later years) 3 The GST tax exemption is not portable. The 2018 amount may be adjusted by the IRS.

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