Al P. Trebing & Associates
Attorney at Law
Federal Estate & Gift Tax Rates

Following is a summary of the new federal estate, gift and generation skipping tax changes that were enacted pursuant to the Economic Growth and Tax Relief Reconciliation Act of 2001:

 Year Estate Tax Exemption (Creditor Shelter Amount) Gift Tax Exemption GST ExemptionMaximum Federal Estate, Gift and GST Tax Rate
 2001 $675,000  $675,000 $1,060,000 55%
 2002 $1,000,000 $1,000,000 $1,100,000 50%
 2003 $1,000,000 $1,000,000  $1,100,000 May be increased By inflation index. 49%
 2004 $1,500,000 $1,000,000  $1,500,000 48%
 2005 $1,500,000  $1,000,000 $1,500,000 47%
 2006 $2,000,000 $1,000,000  $2,000,000 46%
 2007 $2,000,000  $1,000,000  $2,000,000  45%
 2008 $2,000,000 $1,000,000  $2,000,000 45%
 2009 $3,500,000 $1,000,000  $3,500,000 45%
 2010 Repealed $1,000,000  Repealed Repealed for Estate and GST taxes 35% for Gift taxes.
 2011 $1,000,000 $1,000,000  $1,060,000 indexed for inflation through 2011. 55%

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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