Federal Estate and Gift Tax Rates, Exemptions, and Exclusions, 1916-2014

February 4, 2014
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%

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