Eggert Financial Management, Inc.

Cultivating Wealth, Shaping Legacies
Bill Eggert, CFP®, NSSA®
President
7200 S. Alton Way
Suite A-210
Centennial, CO 80112
303-414-0400
info@eggertfinancial.net
www.eggertfinancial.net

February 24, 2020

2020 Key Numbers
 

Estate Planning

Key indexed figures20202021
Annual gift exclusion:$15,000 $15,000
Gift and estate tax applicable exclusion amount:$11,580,000 + DSUEA1$11,700,000 + DSUEA1
Noncitizen spouse annual gift exclusion:$157,000 $159,000
Generation-skipping transfer (GST) tax exemption:$11,580,0002$11,700,0002
Special use valuation limit (qualified real property in decedent's gross estate):$1,180,000 $1,190,000

1 Basic exclusion amount plus deceased spousal unused exclusion amount (exclusion is portable for 2011 and later years)

2 The GST tax exemption is not portable

2020 and 2021 gift and estate tax rate schedule

Taxable EstateTentative Tax Equals PlusOf Amount Over
0 - $10,000$018%$0
$10,000 - $20,000$1,80020%$10,000
$20,000 - $40,000$3,80022%$20,000
$40,000 - $60,000$8,20024%$40,000
$60,000 - $80,000$13,00026%$60,000
$80,000 - $100,000$18,20028%$80,000
$100,000 - $150,000$23,80030%$100,000
$150,000 - $250,000$38,80032%$150,000
$250,000 - $500,000$70,80034%$250,000
$500,000 - $750,000$155,80037%$500,000
$750,000 - $1,000,000$248,30039%$750,000
$1,000,000 +$345,80040%$1,000,000
Credit shelter amount $11,580,000 in 2020 and $11,700,000 in 2021Unified credit amount $4,577,800 in 2020 and $4,625,800 in 2021
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Eggert Financial Management, Inc. is an Investment Advisory firm regulated by the State of Colorado.

 

Prepared by Broadridge Advisor Solutions Copyright 2020.