Estate Planning

Key indexed figures20162017
Annual gift exclusion:$14,000$14,000
Gift and estate tax applicable exclusion amount:$5,450,000 + DSUEA1$5,490,000 + DSUEA1
Noncitizen spouse annual gift exclusion:$148,000$149,000
Generation-skipping transfer (GST) tax exemption:$5,450,0002$5,490,0002
Special use valuation limit (qualified real property in decedent’s gross estate):$1,110,000$1,120,000

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

2016 and 2017 gift and estate tax rate schedule

Taxable EstateTentative Tax EqualsPlusOf 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 $5,450,000 in 2016, and $5,490,000 in 2017Unified credit amount $2,125,800 in 2016, and $2,141,800 in 2017

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Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax and legal professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2017.