Historical Federal Estate Tax Exemptions and Rates: 1916 – 1997
|
Year |
Estate Tax Exemption |
Top Estate Tax Rate |
|
1916 |
$50,000 |
10% |
|
1917 – 1923 |
$50,000 |
25% |
|
1924 – 1925 |
$50,000 |
40% |
|
1926 – 1931 |
$100,000 |
20% |
|
1932 – 1933 |
$50,000 |
45% |
|
1934 |
$50,000 |
60% |
|
1935 – 1940 |
$40,000 |
70% |
|
1941 |
$40,000 |
77% |
|
1942 – 1976 |
$60,000 |
77% |
|
1977 |
$120,000 |
70% |
|
1978 |
$134,000 |
70% |
|
1979 |
$147,000 |
70% |
|
1980 |
$161,000 |
70% |
|
1981 |
$175,000 |
70% |
|
1982 |
$225,000 |
65% |
|
1983 |
$275,000 |
60% |
|
1984 |
$325,000 |
55% |
|
1985 |
$400,000 |
55% |
|
1986 |
$500,000 |
55% |
|
1987 – 1997 |
$600,000 |
55% |
Historical and Future Federal Estate Tax Exemptions and Rates: 1997-2013
|
Year |
Estate Tax Exemption |
Top Estate Tax Rate |
|
1997 |
$600,000 |
55% |
|
1998 |
$625,000 |
55% |
|
1999 |
$650,000 |
55% |
|
2000 |
$675,000 |
55% |
|
2001 |
$675,000 |
55% |
|
2002 |
$1,000,000 |
50% |
|
2003 |
$1,000,000 |
49% |
|
2004 |
$1,500,000 |
48% |
|
2005 |
$1,500,000 |
47% |
|
2006 |
$2,000,000 |
46% |
|
2007 |
$2,000,000 |
45% |
|
$2,000,000 |
45% |
|
|
$3,500,000 |
45% |
|
|
*2010 |
$5,000,000 or $0 |
35% or 0% |
|
$5,000,000 |
35% |
|
|
**2012 |
$5,120,000 |
35% |
|
**2013 |
$5,250,000 |
40% |
State Estate Tax and Exemption Chart
|
State |
2009 Exemption |
2010 Exemption |
2011 Exemption |
2012 Exemption |
2013 Exemption |
|
$2,000,000 |
$3,500,000 |
$2,000,000 |
$2,000,000 |
$2,000,000 |
|
|
Delaware |
$3,500,000 effective 07/01/2009 |
$3,500,000 |
$5,000,000 |
$5,120,000 |
$5,250,000 |
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
|
|
No state estate tax |
$3,600,000 effective 05/01/2010 |
$3,600,000 |
$3,600,000 or $5,120,000 |
$5,250,000 |
|
|
$2,000,000 |
No state estate tax |
$2,000,000 |
$3,500,000 |
$4,000,000 |
|
|
Kansas |
$1,000,000 |
No state estate tax |
No state estate tax |
No state estate tax |
No state estate tax |
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$2,000,000 |
|
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
|
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
|
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
|
|
$675,000 |
$675,000 |
$675,000 |
$675,000 |
$675,000 |
|
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
|
|
North Carolina |
$3,500,000 |
No state estate tax |
$5,000,000 |
$5,120,000 |
No state estate tax |
|
$338,333 |
$338,333 |
$338,333 |
$338,333 |
No state estate tax |
|
|
Oklahoma |
$3,000,000 |
No state estate tax |
No state estate tax |
No state estate tax |
No state estate tax |
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
|
|
$675,000 |
$850,000 |
$859,350 |
$892,865 |
$910,725 |
|
|
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,000,000 |
$1,250,000 |
|
|
$2,000,000 |
$2,000,000 |
$2,750,000 |
$2,750,000 |
$2,750,000 |
|
|
$2,000,000 |
$2,000,000 |
$2,000,000 |
$2,000,000 |
$2,000,000 |
Inheritance Tax Chart
|
State |
Are Spouses Exempt? |
Are Descendants Exempt? |
Are Domestic Partners Exempt? |
*Is Life Insurance Included? |
Tax Rate |
Tax Form |
Due Date |
|
Yes |
No |
No |
No |
1% to 20% |
Form |
9 months after death |
|
|
Yes |
Yes |
No |
No |
5% to 15% |
Form |
Last day of ninth month after death |
|
|
Yes |
Yes |
No |
No |
4% to 16% |
Form 92A200, 92A202, or 92A205 |
18 months after death |
|
|
Yes |
Yes |
Certain transfers |
No |
10% |
Varies |
Varies |
|
|
Yes |
No |
No |
No |
1% to 18% |
Form 500 |
12 months after death |
|
|
Yes |
Yes |
Yes |
No |
11% to 16% |
Form |
8 months after death |
|
|
Yes |
No |
No |
No |
4.5% to 15% |
Form |
9 months after death |
**Indiana’s inheritance tax has been repealed effective January 1, 2013. Thus, the information in the chart above refers to deaths that occurred in 2012 and prior years.
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