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Federal Transfer Tax Exemption Amounts Under the Tax Act of 2001

Year Gift Tax Exemption Amount Estate Tax Exemption Amount Generation-Skipping Transfer Tax (GSTT) Exemption Amount
2009 $1,000,000 $3,500,000 $3,500,000
2010* $1,000,000 Repealed Repealed
2011 and after $1,000,000 $1,000,000 $1,000,000

*Estate tax and generation-skipping transfer tax are repealed for 2010 (although that is likely to change). Lifetime gifts, however, continue to be subject to gift tax.

Prepared by Broadridge Investor Communication Solutions, Inc, Copyright 2011