February 4, 2014 Federal Estate and Gift Tax Rates, Exemptions, and Exclusions, 1916-2014 Print this page Subscribe Support our work Table: Federal Estate and Gift Tax Rates, Exemptions, and Exclusions, 1916-2014 Year Estate Tax Exemption Lifetime Gift Tax Exemption Annual Gift Tax Exclusion Maximum Estate Tax Rate Maximum Gift Tax Rate Source: Internal Revenue Service, CCH Inc.; Julie Garber’s “Annual Exclusion from Gift Taxes, 1997-2010,” and “Federal Estate, Gift and GST Tax Rates and Exemptions,” McDermott Will and Emery 1916 $50,000 None None 10% 0% 1917-23 $50,000 None None 25% 0% 1924-25 $50,000 $50,000 $500 40% 25% 1926-31 $100,000 None None 20% 0% 1932-33 $50,000 $50,000 $5,000 45% 34% 1934 $50,000 $50,000 $5,000 60% 45% 1935-37 $40,000 $40,000 $5,000 70% 53% 1938-40 $40,000 $40,000 $4,000 70% 53% 1941 $40,000 $40,000 $4,000 77% 58% 1942-76 $60,000 $30,000 $3,000 77% 58% 1977 $120,000 $120,000 $3,000 70% 70% 1978 $134,000 $134,000 $3,000 70% 70% 1979 $147,000 $147,000 $3,000 70% 70% 1980 $161,000 $161,000 $3,000 70% 70% 1981 $175,000 $175,000 $3,000 70% 70% 1982 $225,000 $225,000 $10,000 65% 65% 1983 $275,000 $275,000 $10,000 60% 60% 1984 $325,000 $325,000 $10,000 55% 55% 1985 $400,000 $400,000 $10,000 55% 55% 1986 $500,000 $500,000 $10,000 55% 55% 1987-97 $600,000 $600,000 $10,000 55% 55% 1998 $625,000 $625,000 $10,000 55% 55% 1999 $650,000 $650,000 $10,000 55% 55% 2000-01 $675,000 $675,000 $10,000 55% 55% 2002 $1,000,000 $1,000,000 $11,000 50% 50% 2003 $1,000,000 $1,000,000 $11,000 49% 49% 2004 $1,500,000 $1,000,000 $11,000 48% 48% 2005 $1,500,000 $1,000,000 $11,000 47% 47% 2006 $2,000,000 $1,000,000 $12,000 46% 46% 2007-08 $2,000,000 $1,000,000 $12,000 45% 45% 2009 $3,500,000 $1,000,000 $13,000 45% 45% 2010 $5,000,000 $1,000,000 $13,000 35% 35% 2011 $5,000,000 $5,000,000 $13,000 35% 35% 2012 $5,120,000 $5,120,000 $13,000 35% 35% 2013 $5,250,000 $5,250,000 $14,000 40% 40% 2014 $5,340,000 $5,340,000 $14,000 40% 40% Banner image attribution: Adobe Stock, Petr Kratochvil Topics Center for Federal Tax Policy Estate and Gift Taxes Tax Data Tags dataset
