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 2014 and 2015.

20142015
Annual gift tax exclusion:$14,000$14,000
Gift tax and estate tax applicable exclusion amount:$5,340,0001 + DSUEA2$5,430,0001 + DSUEA2
Noncitizen spouse annual gift tax exclusion:$145,000$147,000
Generation-skipping transfer (GST) tax exemption:$5,340,0003$5,430,0003
GST tax rate40%40%
Special use valuation limit (qualified real property in decedent's gross estate):$1,090,000$1,100,000

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

2014 and 2015 Gift Tax and Estate Tax Rate Schedule
Taxable Gift/EstateTentative Tax EqualsPlusOf Amount Over
0 - $10,000$018%$0
$10,000 - $20,000$1,80020%$10,000
$20,000 - $40,000$3,80022%$20,000
$40,000 - $60,000$8,20024%$40,000
$60,000 - $80,000$13,00026%$60,000
$80,000 - $100,000$18,20028%$80,000
$100,000 - $150,000$23,80030%$100,000
$150,000 - $250,000$38,80032%$150,000
$250,000 - $500,000$70,80034%$250,000
$500,000 - $750,000$155,80037%$500,000
$750,000 - $1,000,000$248,30039%$750,000
$1,000,000 +$345,80040%$1,000,000
Credit shelter amount: $5,340,000 in 2014, $5,430,000 in 2015Unified credit amount: $2,081,800 in 2014, $2,117,800 in 2015
Prepared by Forefield, Inc. Copyright 2017.