Mark Stevens, CFP®
mark@wealthcarenetwork.org
 
 




2018 Key Numbers

 

Estate Planning

Key indexed figures20172018
Annual gift exclusion:$14,000 $15,000
Gift and estate tax applicable exclusion amount:$5,490,000 + DSUEA1$11,180,000 + DSUEA1
Noncitizen spouse annual gift exclusion:$149,000 $152,000
Generation-skipping transfer (GST) tax exemption:$5,490,0002$11,180,0002
Special use valuation limit (qualified real property in decedent's gross estate):$1,120,000 $1,140,000

1 Basic exclusion amount plus deceased spousal unused exclusion amount (exclusion is portable for 2011 and later years); 2018 amount may be adjusted by the IRS

2 The GST tax exemption is not portable; 2018 amount may be adjusted by the IRS

2017 and 2018 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 $5,490,000 in 2017 and $11,180,000 in 2018Unified credit amount $2,141,800 in 2017 and $4,417,800 in 2018



This communication is strictly intended for individuals residing in the state(s) of GA. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018.