Estate Tax Rates and Exemption Amounts

Year

Estate Exemption Amount

Top Estate Tax Rate

2008

$ 2.5 million

45%

2009

$ 3.5 million

45%

2010

repealed

N/A

2011

$ 1 million

55%

In 2008, individuals are permitted to gift $12,000 per recipient in annual gifts to an unlimited number of recipients.

This amount increases to $13,000 per recipient in 2009.

Learn more about federal income tax rates at www.irs.gov.

State estate tax, income tax, property tax and other tax rates vary by location. You can find your tax rate using any  major search engines.