Year |
Top Tax Rate |
Basic Exclusion Amount |
Gift Tax Annual Exclusion1 |
Step Up in Basis at Death |
Portability of Deceased Spouse’s Unused Exemption |
Portability of Deceased Spouse’s Unused GST Exemption |
2008 |
45% |
$2,000,000 |
$12,000 |
Yes |
No |
No |
2009 |
45% |
$3,500,000 |
$13,000 |
Yes |
No |
No |
2010 |
35% or 0% |
$5,000,000 or $0 |
$13,000 |
Yes |
No |
No |
2011 |
35% |
$5,000,000 |
$13,000 |
Yes |
Yes |
No |
2012 |
35% |
$5,120,000 |
$13,000 |
Yes |
Yes |
No |
2013 |
40% |
$5,250,000 |
$14,000 |
Yes |
Yes |
No |
2014 |
40% |
$5,340,000 |
$14,000 |
Yes |
Yes |
No |
2015 |
40% |
$5,430,000 |
$14,000 |
Yes |
Yes |
No |
2016 |
40% |
$5,450,000 |
$14,000 |
Yes |
Yes |
No |
2017 |
40% |
$5,490,000 |
$14,000 |
Yes |
Yes |
No |
2018 |
40% |
$11,180,000 |
$15,000 |
Yes |
Yes |
No |
2019 |
40% |
$11,400,000 |
$15,000 |
Yes |
Yes |
No |
2020 |
40% |
$11,580,000 |
$15,000 |
Yes |
Yes |
No |
2021 |
40% |
$11,700,000 |
$15,000 |
Yes |
Yes |
No |
2022 |
40% |
$12,060,000 |
$16,000 |
Yes |
Yes |
No |
2023 |
40% |
$12,920,000 |
$17,000 |
Yes |
Yes |
No |
2024 |
40% |
$13,610,000 |
$18,000 |
Yes |
Yes |
No |
2025 |
40% |
$13,990,000 |
$19,000 |
Yes |
Yes |
No |
2026 |
40% |
$15,000,0002 |
TBD |
Yes |
Yes |
No |
1 Inflation adjustment applied to base amount of $10,000.
2 Inflation adjustment applied to base amount of $15,000,000.