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Estate Planning - 2013 Gift Tax Rates & Schedule

Estate Planning

Key indexed figures 2012 2013
Annual gift exclusion: $13,000 $14,000
Gift and estate tax applicable exclusion amount: $5,120,000 + DSUEA1 $5,250,000 + DSUEA1
Noncitizen spouse annual gift exclusion: $139,000 $143,000
Generation-skipping transfer (GST) tax exemption: $5,120,0002 $5,250,0002
Special use valuation limit (qualified real property in decedent's gross estate): $1,040,000 $1,070,000

1 Basic exclusion amount plus deceased spousal unused exclusion amount (exclusion is portable for 2011 and later years)

2 The GST tax exemption is not portable

2013 gift and estate tax rate schedule

Taxable Estate Tentative Tax Equals Plus Of Amount Over
0 - $10,000 $0 18% $0
$10,000 - $20,000 $1,800 20% $10,000
$20,000 - $40,000 $3,800 22% $20,000
$40,000 - $60,000 $8,200 24% $40,000
$60,000 - $80,000 $13,000 26% $60,000
$80,000 - $100,000 $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 $5,250,000 Unified credit amount $2,045,800

2011 through 2012 gift and estate tax rate schedule

Taxable Estate Tentative Tax Equals Plus Of Amount Over
0 - $10,000 $0 18% $0
$10,000 - $20,000 $1,800 20% $10,000
$20,000 - $40,000 $3,800 22% $20,000
$40,000 - $60,000 $8,200 24% $40,000
$60,000 - $80,000 $13,000 26% $60,000
$80,000 - $100,000 $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+ $155,800 35% $500,000
Credit shelter amount $5,000,000 in 2011, $5,120,000 in 2012 Credit amount $1,730,800 in 2011, $1,772,800 in 2012

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