Mark Stevens, CFP®
mark@stevensws.com
 
 




2020 Key Numbers

 

Estate Planning

Key indexed figures20192020
Annual gift exclusion:$15,000 $15,000
Gift and estate tax applicable exclusion amount:$11,400,000 + DSUEA1$11,580,000 + DSUEA1
Noncitizen spouse annual gift exclusion:$155,000 $157,000
Generation-skipping transfer (GST) tax exemption:$11,400,0002$11,580,0002
Special use valuation limit (qualified real property in decedent's gross estate):$1,160,000 $1,180,000

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

2019 and 2020 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 $11,400,000 in 2019 and $11,580,000 in 2020Unified credit amount $4,505,800 in 2019 and $4,577,800 in 2020



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 2019.