Here are some key numbers associated with estate planning, as well as the federal gift tax and estate tax rate schedules for 2024 and 2025.
| 2024 | 2025 | |
|---|---|---|
| Annual gift tax exclusion: | $18,000 | $19,000 |
| Gift tax and estate tax applicable exclusion amount: | $13,610,0001 + DSUEA2 | $13,990,0001 + DSUEA2 |
| Noncitizen spouse annual gift tax exclusion: | $185,000 | $190,000 |
| Generation-skipping transfer (GST) tax exemption: | $13,610,0003 | $13,990,0003 |
| GST tax rate: | 40% | 40% |
| Special use valuation limit (qualified real property in decedent’s gross estate): | $1,390,000 | $1,420,000 |
1 The basic exclusion amount.
2 Deceased spousal unused exclusion amount (for 2011 and later years)
3 The GST tax exemption is not portable.
2024 and 2025 Gift Tax and Estate Tax Rate Schedule
| Taxable Gift/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: $13,610,000 in 2024, $13,990,000 in 2025 | Unified credit amount: $5,389,800 in 2024, $5,541,800 in 2025 | ||