2018 Gift and Estate Tax Exemptions

Effective as of January 1, 2018, the federal estate tax exemption, gift tax exemption and generation skipping transfer tax exemption amounts increased to $11,200,000 for individuals and $22,400,000 for married persons. The exemption amounts are scheduled to increase annually, based upon inflation, until 2025. In the year 2026, the exemption amounts are scheduled to revert back to the exemption amounts in place in the year 2017 levels, subject to inflation adjustments. Effective as of January 1, 2018, the maximum federal estate and gift tax rates remained at 40%.

The annual gift tax exclusion amount increased from $14,000 to $15,000 for 2018.