Estate Planning

Key indexed figures	2023	2024
Annual gift exclusion:	$17,000	$18,000
Gift and estate tax applicable exclusion amount:	$12,920,000 + DSUEA¹	$13,610,000 + DSUEA¹
Noncitizen spouse annual gift exclusion:	$175,000	$185,000
Generation-skipping transfer (GST) tax exemption:	$12,920,000²	$13,610,000²
Special use valuation limit (qualified real property in decedent's gross estate):	$1,310,000	$1,390,000

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

2023 and 2024 gift and estate tax rate schedule

Taxable Estate	Tentative Tax Equals	Plus	Of Amount Over
0 - $10,000	$0	18%	$0
$10,000 - $20,000	$1,800	20%	$10,000
$20,000 - $40,000	$3,800	22%	$20,000
$40,000 - $60,000	$8,200	24%	$40,000
$60,000 - $80,000	$13,000	26%	$60,000
$80,000 - $100,000	$18,200	28%	$80,000
$100,000 - $150,000	$23,800	30%	$100,000
$150,000 - $250,000	$38,800	32%	$150,000
$250,000 - $500,000	$70,800	34%	$250,000
$500,000 - $750,000	$155,800	37%	$500,000
$750,000 - $1,000,000	$248,300	39%	$750,000
$1,000,000 +	$345,800	40%	$1,000,000

Credit shelter amount $12,920,000 in 2023 and $13,610,000 in 2024	Unified credit amount $5,113,800 in 2023 and $5,389,800 in 2024

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