Federal Estate Tax Exemption Amounts

           

            The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) increased the unified credit, i.e. the amount of a decedentís assets which are exempt from federal estate tax.  For the year 2010, the federal estate tax is abolished.  The exclusion amounts are as follows: 

 

                        Year of Death                             Exclusion Amount

 

2001                                                                                     ††††††††††††$675,000

2002 & 2003                                      1,000,000

2004 & 2005                                      1,500,000

2006, 2007 & 2008                            2,000,000

2009                                                   3,500,000

2010 & 2011                                   †† 5,000,000

2012                                                                           ††††††††† †††††††††††††††††5,120,000

2013                                                                 ††††††††††††††††††††††††††††††††††† 5,250,000

2014                                                                 ††††††††††††††††††††††††††††††††††† 5,340,000

2015                                                                 ††††††††††††††††††††††††††††††††††† 5,430,000

2016                                                                 ††††††††††††††††††††††††††††††††††† 5,450,000

2017                                                                 ††††††††††††††††††††††††††††††††††† 5,490,000

 

 

 

 

Rev. 3\17