In Appendices And Tables

March 13, 2024

Estate, Gift and Inheritance Tax Tables

<section class=article__body><h4 style=text-align:center>2010 Estate and Gift Tax Table</h4><table class=aligncenter style=height:746px width=100%><tr><td width=192 colspan=2>Taxable Gift/Estate<td width=96>Tax on<td width=108>Rate on<tr><td width=96>From<td width=96>To<td width=96>Col. 1<td width=108>Excess<tr><td width=96>$0<td width=96 style=text-align:center>$10,000<td width=96 style=text-align:center>$0<td width=108 style=text-align:center>18%<tr><td width=96>10,001<td width=96>20,000<td width=96 style=text-align:center>1,800<td width=108>20%<tr><td width=96>20,001<td width=96 style=text-align:center>40,000<td width=96 style=text-align:center>3,800<td width=108>22%<tr><td width=96>40,001<td width=96 style=text-align:center>60,000<td width=96 style=text-align:center>8,200<td width=108>24%<tr><td width=96 style=text-align:center>60,001<td width=96 style=text-align:center>80,000<td width=96 style=text-align:center>13,000<td width=108>26%<tr><td width=96>80,001<td width=96 style=text-align:center>100,000<td width=96 style=text-align:center>18,200<td width=108 style=text-align:center>28%<tr><td width=96>100,001<td width=96 style=text-align:center>150,000<td width=96 style=text-align:center>23,800<td width=108>30%<tr><td width=96>150,001<td width=96 style=text-align:center>250,000<td width=96 style=text-align:center>38,800<td width=108>32%<tr><td width=96>250,001<td width=96 style=text-align:center>500,000<td width=96 style=text-align:center>70,800<td width=108>34%<tr><td width=96 style=text-align:center>500,001<td width=96 style=text-align:center>…….<td width=96 style=text-align:center>155,800<td width=108>35%</table><h4 style=text-align:center>2011-2012 Gift and Estate Tax Table</h4><table class=aligncenter style=height:832px width=90%><tr><td width=192 colspan=2>Taxable Gift/Estate<td width=96>Tax on<td width=105>Rate on<tr><td width=96>From<td width=96>To<td width=96>Col. 1<td width=105>Excess<tr><td width=96>$0<td width=96>$10,000<td width=96>$0<td width=105>18%<tr><td width=96>10,001<td width=96>20,000<td width=96>1,800<td width=105>20%<tr><td width=96>20,001<td width=96>40,000<td width=96>3,800<td width=105>22%<tr><td width=96>40,001<td width=96>60,000<td width=96>8,200<td width=105>24%<tr><td width=96>60,001<td width=96>80,000<td width=96>13,000<td width=105>26%<tr><td width=96>80,001<td width=96>100,000<td width=96>18,200<td width=105>28%<tr><td width=96>100,001<td width=96>150,000<td width=96>23,800<td width=105>30%<tr><td width=96>150,001<td width=96>250,000<td width=96>38,800<td width=105>32%<tr><td width=96>250,001<td width=96>500,000<td width=96>70,800<td width=105>34%<tr><td width=96>500,001<td width=96>750,000<td width=96>155,800<td width=105>35%<tr><td width=393 colspan=4>IRC Secs. 2001(c), 2502(a), 2210, as amended by EGTRRA 2001.</table><h4 style=text-align:center>2013-2025 Gift and Estate Tax Table</h4><table class=aligncenter style=height:956px width=90%><tr><td width=192 colspan=2>Taxable Gift/Estate<td width=96>Tax on<td width=105>Rate on<tr><td width=96>From<td width=96>To<td width=96>Col. 1<td width=105>Excess<tr><td width=96>$0<td width=96>$10,000<td width=96>$0<td width=105>18%<tr><td width=96>10,001<td width=96>20,000<td width=96>1,800<td width=105>20%<tr><td width=96>20,001<td width=96>40,000<td width=96>3,800<td width=105>22%<tr><td width=96>40,001<td width=96>60,000<td width=96>8,200<td width=105>24%<tr><td width=96>60,001<td width=96>80,000<td width=96>13,000<td width=105>26%<tr><td width=96>80,001<td width=96>100,000<td width=96>18,200<td width=105>28%<tr><td width=96>100,001<td width=96>150,000<td width=96>23,800<td width=105>30%<tr><td width=96>150,001<td width=96>250,000<td width=96>38,800<td width=105>32%<tr><td width=96>250,001<td width=96>500,000<td width=96>70,800<td width=105>34%<tr><td width=96>500,001<td width=96>750,000<td width=96>155,800<td width=105>37%<tr><td width=96>750,000<td width=96>1,000,000<td width=96>248,300<td width=105>39%<tr><td width=96>1,000,000<td width=96><td width=96>345,800<td width=105>40%<tr><td width=393 colspan=4>IRC Secs. 2001(c), 2502(a), 2210, as amended by EGTRRA 2001 and ATRA.</table><h4 style=text-align:center>State Estate and Inheritance Tax Table (as of Sept. 1, 2024) </h4><table class=aligncenter style=height:4005px width=90%><tr><td width=123>State<td width=119>Estate Tax (Rate)<td width=131>Inheritance Tax (Rate)<td width=264>Exemption<tr><td width=123>Alabama<td width=119>None<td width=131>None<td width=264><tr><td width=123>Alaska<td width=119>None<td width=131>None<td width=264><tr><td width=123>Arizona<td width=119>None<td width=131>None<td width=264><tr><td width=123>Arkansas<td width=119>None<td width=131>None<td width=264><tr><td width=123>California<td width=119>None<td width=131>None<td width=264><tr><td width=123>Colorado<td width=119>None<td width=131>None<td width=264><tr><td width=123>Connecticut1<td width=119>12%<td width=131>None<td width=264>$13.61 million<tr><td width=123>Delaware<td width=119>None<td width=131>None<td width=264><tr><td width=123>District of Columbia<td width=119>11.2%-16%<td width=131>None<td width=264>$4.71 million<tr><td width=123>Florida<td width=119>None<td width=131>None<td width=264><tr><td width=123>Georgia<td width=119>None<td width=131>None<td width=264><tr><td width=123>Hawaii<td width=119>10%-20%<td width=131>None<td width=264>$5.49 million<tr><td width=123>Idaho<td width=119>None<td width=131>None<td width=264><tr><td width=123>Illinois<td width=119>0.8%-16%<td width=131>None<td width=264>$4 million<tr><td width=123>Indiana<td width=119>None<td width=131>None<td width=264><tr><td width=123>Iowa<td width=119>None<td width=131>None<td width=264><tr><td width=123>Kansas<td width=119>None<td width=131>None<td width=264><tr><td width=123>Kentucky2<td width=119>None<td width=131>4%-16%<td width=264>$0/$500/$1,000<tr><td width=123>Louisiana<td width=119>None<td width=131>None<td width=264><tr><td width=123>Maine<td width=119>8%-12%<td width=131>None<td width=264>$6.8 million<tr><td width=123>Maryland3<td width=119>0.8%-16%<td width=131>10%<td width=264>$5 million (estate)<tr><td width=123>Massachusetts<td width=119>0.8%-16%<td width=131>None<td width=264>$2 million<tr><td width=123>Michigan<td width=119>None<td width=131>None<td width=264><tr><td width=123>Minnesota<td width=119>13%-16%<td width=131>None<td width=264>$3 million<tr><td width=123>Mississippi<td width=119>None<td width=131>None<td width=264><tr><td width=123>Missouri<td width=119>None<td width=131>None<td width=264><tr><td width=123>Montana<td width=119>None<td width=131>None<td width=264><tr><td width=123>Nebraska<td width=119>None<td width=131>1%-18%<td width=264>$100,000/$40,000/$25,000<tr><td width=123>Nevada<td width=119>None<td width=131>None<td width=264><tr><td width=123>New Hampshire<td width=119>None<td width=131>None<td width=264><tr><td width=123>New Jersey4<td width=119>None<td width=131>11%-16%<td width=264>$25,000<tr><td width=123>New Mexico<td width=119>None<td width=131>None<td width=264><tr><td width=123>New York<td width=119>3.06%-16%<td width=131>None<td width=264>$6.94 million<tr><td width=123>North Carolina<td width=119>None<td width=131>None<td width=264><tr><td width=123>North Dakota<td width=119>None<td width=131>None<td width=264><tr><td width=123>Ohio<td width=119>None<td width=131>None<td width=264><tr><td width=123>Oklahoma<td width=119>None<td width=131>None<td width=264><tr><td width=123>Oregon<td width=119>10%-16%<td width=131>None<td width=264>$1 million<tr><td width=123>Pennsylvania5<td width=119>None<td width=131>4.5%-15%<td width=264><tr><td width=123>Rhode Island<td width=119>0.8%-16%<td width=131>None<td width=264>$1,774,583 million<tr><td width=123>South Carolina<td width=119>None<td width=131>None<td width=264><tr><td width=123>South Dakota<td width=119>None<td width=131>None<td width=264><tr><td width=123>Tennessee<td width=119>None<td width=131>None<td width=264><tr><td width=123>Texas<td width=119>None<td width=131>None<td width=264><tr><td width=123>Utah<td width=119>None<td width=131>None<td width=264><tr><td width=123>Vermont<td width=119>16%<td width=131>None<td width=264>$5 million<tr><td width=123>Virginia<td width=119>None<td width=131>None<td width=264><tr><td width=123>Washington<td width=119>10%-20%<td width=131>None<td width=264>$2.193 million<tr><td width=123>West Virginia<td width=119>None<td width=131>None<td width=264><tr><td width=123>Wisconsin<td width=119>None<td width=131>None<td width=264><tr><td width=123>Wyoming<td width=119>None<td width=131>None<td width=264><tr><td width=637 colspan=4>1 For estates of decedents dying in 2024, the Connecticut estate tax exemption was the same as the federal exemption ($13.61 million in 2024). The estate tax rate is 12% for amounts in excess of the exclusion. 2 In Kentucky, the top inheritance tax rate is 16 percent (exemption threshold for Class C beneficiaries: $500; exemption threshold for Class B beneficiaries: $1,000; Class A beneficiaries, which is the majority, pay no inheritance tax). 3 Maryland’s inheritance tax does not apply to a child or direct descendent, the spouse of a child or direct descendent, a spouse, parent, grandparent, sibling, stepchild or stepparent. For others there is is a tax of 10% 4 In New Jersey, spouses, domestic partners, civil union partners, parents, grandparents, children (including stepchildren), grandchildren (but not step grandchildren) are exempt from the inheritance tax. The $25,000 inheritance tax exemption applies to brothers and sisters of the decedent and spouses or civil union partners of the decedent’s child. There is no exemption for any other person who inherits. 5 In Pennsylvania, the inheritance tax does not apply to surviving spouses, to a parent from a child aged 21 or younger, and to or for the use of a child aged 21 or younger from a parent. The Pennsylvania inheritance tax rates differ depending upon who inherits (children, grandchildren and spouses of children pay a 4.5% rate, while brothers and sisters pay a 12% rate, and all others pay a 15% rate). Adult children, grandparents, and parents are exempt up to $3,500.</table><h4 style=text-align:center>Estate Tax Unified Credit</h4><table class=aligncenter style=height:1235px width=1022><tr><td width=125><td width=125>Exclusion<td width=125>Unified<tr><td width=125>Year<td width=125>Equivalent<td width=125>Credit<tr><td width=125> 2009<td width=125>$3,500,000<td width=125> $1,455,800<tr><td width=125>2010-2011<td width=125>$5,000,000<td width=125>$1,730,800<tr><td width=125> 2012<td width=125> $5,120,000<td width=125> $1,772,800<tr><td width=125>2013<td width=125>$5,250,000<td width=125> $2,045,800<tr><td width=125>2014<td width=125>$5,340,000<td width=125>$2,081,800<tr><td width=125>2015<td width=125>$5,430,000<td width=125>$2,117,800<tr><td width=125>2016<td width=125> $5,450,000<td width=125> $2,125,800<tr><td width=125>2017<td width=125>$5,490,000<td width=125>$2,140,800<tr><td width=125>2018<td width=125>$11,180,000<td width=125>$4,419,800<tr><td width=125>2019<td width=125>$11,400,000<td width=125>$4,505,800<tr><td width=125>2020<td width=125>$11,580,000<td width=125>$4,577,800<tr><td width=125>2021<td width=125>$11,700,000<td width=125>$4,625,800<tr><td width=125>2022<td width=125>$12,060,000<td width=125>$4,769,800<tr><td width=125>2023<td width=125>$12,920,000<td width=125>$5,113,800<tr><td width=125>2024<td width=125>$13,610,000<td width=125> $5,389,800<tr><td width=125>2025<td width=125>$13,990,000<td width=125> $5,541,800<tr><td width=125>2026<td width=125>$15,000,000<td width=125> $5,945,800<tr><td width=375 colspan=3>IRC Sec. 2010(c), as amended by EGTRRA 2001 and ATRA. Pub. Law No. 115-97 (2017 Tax Act). One Big Beautiful Bill.</table><h4></h4><h4 style=text-align:center>Gift Tax Unified Credit</h4><table class=aligncenter style=height:1889px width=90%><tr><td width=135><td width=126>Exclusion<td width=128>Unified<tr><td width=135>Year<td width=126>Equivalent<td width=128>Credit<tr><td width=135> 2010-2011<td width=126>$5,000,000<td width=128>$1,730,800<tr><td width=135> 2012<td width=126>$5,120,000<td width=128>$1,772,800<tr><td width=135> 2013<td width=126>$5,250,000<td width=128>$2,045,800<tr><td width=135> 2014<td width=126>$5,340,000<td width=128>$2,081,800<tr><td width=135> 2015<td width=126>$5,430,000<td width=128>$2,117,800<tr><td width=135> 2016<td width=126>$5,450,000<td width=128>$2,125,800<tr><td width=135> 2017<td width=126>$5,490,000<td width=128>$2,141,800<tr><td width=135> 2018<td width=126>$11,180,000<td width=128>$4,419,800<tr><td width=135> 2019<td width=126>$11,400,000<td width=128>$4,505,800<tr><td width=135> 2020<td width=126>$11,580,000<td width=128>$4,577,800<tr><td width=135> 2021<td width=126>$11,700,000<td width=128>$4,625,800<tr><td width=135> 2022<td width=126>$12,060,000<td width=128>$4,769,800<tr><td width=135> 2023<td width=126>$12,920,000<td width=128>$5,113,800<tr><td width=135> 2024<td width=126>$13,610,000<td width=128>$5,389,800<tr><td width=135>2025<td width=126>$13,990,000<td width=128>$5,541,800<tr><td width=135> 2026<td width=126>$15,000,000<td width=128>$5,945,800<tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=135><td width=126><td width=128><tr><td width=125><td width=126><td width=128><tr><td width=389 colspan=3>IRC Secs. 2505(a), 2010(c), as amended by EGTRRA 2001 and ATRA. Pub. Law No. 115-97 (2017 Tax Act).</table><h4></h4><h4 style=text-align:center>Maximum State Death Tax Credit (SDTC)</h4><table class=aligncenter style=height:1454px width=90%><tr><td width=192 colspan=2>Adjusted Taxable Estate<td width=96>Credit on<td width=96>Rate on<tr><td width=96>From<td width=96>To<td width=96>Col. 1<td width=96>Excess<tr><td width=96>$40,000<td width=96>$90,000<td width=96>$0<td width=96>0.8%<tr><td width=96>90,001<td width=96>140,000<td width=96>400<td width=96>1.6%<tr><td width=96>140,001<td width=96>240,000<td width=96>1,200<td width=96>2.4%<tr><td width=96>240,001<td width=96>440,000<td width=96>3,600<td width=96>3.2%<tr><td width=96>440,001<td width=96>640,000<td width=96>10,000<td width=96>4.0%<tr><td width=96>640,001<td width=96>840,000<td width=96>18,000<td width=96>4.8%<tr><td width=96>840,001<td width=96>1,040,000<td width=96>27,600<td width=96>5.6%<tr><td width=96>1,040,001<td width=96>1,540,000<td width=96>38,800<td width=96>6.4%<tr><td width=96>1,540,001<td width=96>2,040,000<td width=96>70,800<td width=96>7.2%<tr><td width=96>2,040,001<td width=96>2,540,000<td width=96>106,800<td width=96>8.0%<tr><td width=96>2,540,001<td width=96>3,040,000<td width=96>146,800<td width=96>8.8%<tr><td width=96>3,040,001<td width=96>3,540,000<td width=96>190,800<td width=96>9.6%<tr><td width=96>3,540,001<td width=96>4,040,000<td width=96>238,800<td width=96>10.4%<tr><td width=96>4,040,001<td width=96>5,040,000<td width=96>290,800<td width=96>11.2%<tr><td width=96>5,040,001<td width=96>6,040,000<td width=96>402,800<td width=96>12.0%<tr><td width=96>6,040,001<td width=96>7,040,000<td width=96>522,800<td width=96>12.8%<tr><td width=96>7,040,001<td width=96>8,040,000<td width=96>650,800<td width=96>13.6%<tr><td width=96>8,040,001<td width=96>9,040,000<td width=96>786,800<td width=96>14.4%<tr><td width=96>9,040,001<td width=96>10,040,000<td width=96>930,800<td width=96>15.2%<tr><td width=96>10,040,001<td width=96>………<td width=96>1,082,800<td width=96>16.0%<tr><td width=384 colspan=4>For this purpose, the term “adjusted taxable estate” means the taxable estate reduced by $60,000.</table><h4 style=text-align:center></h4><h4 style=text-align:center>Estate Tax Deferral: Closely Held Business</h4><table class=aligncenter style=height:1552px width=90%><tr><td width=191>Year<td width=192>2% Interest Limitation<tr><td width=191>2001<td width=192>$441,000<tr><td width=191>2002<td width=192>$484,000<tr><td width=191>2003<td width=192>$493,800<tr><td width=191>2004<td width=192>$532,200<tr><td width=191>2005<td width=192>$539,900<tr><td width=191>2006<td width=192>$552,000<tr><td width=191>2007<td width=192>$562,500<tr><td width=191>2008<td width=192>$576,000<tr><td width=191>2009<td width=192>$598,500<tr><td width=191>2010<td width=192>$603,000<tr><td width=191>2011<td width=192>$601,600<tr><td width=191>2012<td width=192>$486,500<tr><td width=191>2013<td width=192>$572,000<tr><td width=191>2014<td width=192>$580,000<tr><td width=191>2015<td width=192>$588,000<tr><td width=191>2016<td width=192>$592,000<tr><td width=191>2017<td width=192>$596,000<tr><td width=191>2018<td width=192>$608,000<tr><td width=191>2019<td width=192>$620,000<tr><td width=191>2020<td width=192>$628,000<tr><td width=191>2021<td width=192>$636,000<tr><td width=191>2022<td width=192>$656,000<tr><td width=191>2023<td width=192>$700,000<tr><td width=191>2024<td width=192>$740,000<tr><td width=191>2025<td width=192>$760,000</table><h4></h4><h4></h4><h4 style=text-align:center>Special Use Valuation Limitation</h4><table class=aligncenter style=height:1614px width=90%><tr><td width=191>Year<td width=191>Limitation<tr><td width=191>2001<td width=191>$800,000<tr><td width=191>2002<td width=191>$820,000<tr><td width=191>2003<td width=191>$840,000<tr><td width=191>2004<td width=191>$850,000<tr><td width=191>2005<td width=191>$870,000<tr><td width=191>2006<td width=191>$900,000<tr><td width=191>2007<td width=191>$940,000<tr><td width=191>2008<td width=191>$960,000<tr><td width=191>2009<td width=191>$1,000,000<tr><td width=191>2010<td width=191>$1,000,000<tr><td width=191>2011<td width=191>$1,020,000<tr><td width=191>2012<td width=191>$1,040,000<tr><td width=191>2013<td width=191>$1,070,000<tr><td width=191>2014<td width=191>$1,090,000<tr><td width=191>2015<td width=191>$1,100,000<tr><td width=191>2016<td width=191>$1,110,000<tr><td width=191>2017<td width=191>$1,120,000<tr><td width=191>2018<td width=191>$1,140,000<tr><td width=191>2019<td width=191>$1,160,000<tr><td width=191>2020<td width=191>$1,180,000<tr><td width=191>2021<td width=191>$1,190,000<tr><td width=191>2022<td width=191>$1,230,000<tr><td width=191>2023<td width=191>$1,310,000<tr><td width=191>2024<td width=191>$1,390,000<tr><td width=191>2025<td width=191>$1,420,000<tr><td width=381 colspan=2>IRC Sec. 2032A(a)</table><h4></h4><h4 style=text-align:center>Qualified Conservation Easement Exclusion</h4><table class=aligncenter style=height:463px width=90%><tr><td width=192>Year<td width=192>Exclusion Limitation<tr><td width=192>1998<td width=192>$100,000<tr><td width=192>1999<td width=192>$200,000<tr><td width=192>2000<td width=192>$300,000<tr><td width=192>2001<td width=192>$400,000<tr><td width=192>2002 and thereafter<td width=192>$500,000<tr><td width=384 colspan=2>IRC Sec. 2031(c)(3).</table><h4 style=text-align:center>Gift (and GST) Tax Annual Exclusion</h4><table class=aligncenter style=height:586px width=90%><tr><td width=193>Year<td width=194>Annual Exclusion<tr><td width=193>2009-2010<td width=194>$13,000<tr><td width=193>2011-2012<td width=194>$13,000<tr><td width=193>2013-2017<td width=194>$14,000<tr><td width=193>2018-2021<td width=194>$15,000<tr><td width=193>2022<td width=194>$16,000<tr><td width=193>2023<td width=194>$17,000<tr><td width=193>2024<td width=194>$18,000<tr><td width=193>2025<td width=194>$19,000<tr><td width=387 colspan=2>IRC Sec. 2503(b).</table><h4></h4><h4 style=text-align:center>Gift Tax Annual Exclusion</h4><h4 style=text-align:center>(Donee Spouse not U.S. Citizen)</h4><table class=aligncenter style=height:1643px width=90%><tr><td width=194>Year<td width=194>Annual Exclusion<tr><td width=194>1997-1998<td width=194>$100,000<tr><td width=194>1999<td width=194>$101,000<tr><td width=194>2000<td width=194>$103,000<tr><td width=194>2001<td width=194>$106,000<tr><td width=194>2002<td width=194>$110,000<tr><td width=194>2003<td width=194>$112,000<tr><td width=194>2004<td width=194>$114,000<tr><td width=194>2005<td width=194>$117,000<tr><td width=194>2006<td width=194>$120,000<tr><td width=194>2007<td width=194>$125,000<tr><td width=194>2008<td width=194>$128,000<tr><td width=194>2009<td width=194>$133,000<tr><td width=194>2010<td width=194>$134,000<tr><td width=194>2011<td width=194>$136,000<tr><td width=194>2012<td width=194>$139,000<tr><td width=194>2013<td width=194>$143,000<tr><td width=194>2014<td width=194>$145,000<tr><td width=194>2015<td width=194>$147,000<tr><td width=194>2016<td width=194>$148,000<tr><td width=194>2017<td width=194>$149,000<tr><td width=194>2018<td width=194>$152,000<tr><td width=194>2019<td width=194>$155,000<tr><td width=194>2020<td width=194>$157,000<tr><td width=194>2021<td width=194>$159,000<tr><td width=194>2022<td width=194>$164,000<tr><td width=387 colspan=2>IRC Sec. 2523(i). As updated by Rev. Proc. 2021-45.</table><h4></h4><h4 style=text-align:center>Generation-Skipping Transfer Tax Table</h4><table class=aligncenter style=height:775px width=90%><tr><td width=194>Year<td width=194>Tax Rate<tr><td width=194>2002<td width=194>50%<tr><td width=194>2003<td width=194>49%<tr><td width=194>2004<td width=194>48%<tr><td width=194>2005<td width=194>47%<tr><td width=194>2006<td width=194>46%<tr><td width=194>2007-2009<td width=194>45%<tr><td width=194>2010<td width=194>0%<tr><td width=194>2011-2012<td width=194>35%<tr><td width=194>2013-2024<td width=194>40%<tr><td width=194> 2025<td width=194>40%<tr><td width=388 colspan=2>IRC Secs. 2641, 2001(c), 2664, as amended by EGTRRA 2001 and ATRA.</table><h4 style=text-align:center>Generation-Skipping Transfer Tax Exemption</h4><table class=aligncenter style=height:1503px width=90%><tr><td width=192>Year<td width=192>GST Exemption<tr><td width=192> 2002<td width=192> $1,110,000<tr><td width=192> 2003<td width=192> $1,120,000<tr><td width=192>2004-2025<td width=192>$1,500,000<tr><td width=192>2006-2008<td width=192>$2,000,000<tr><td width=192>2009<td width=192>$3,500,000<tr><td width=192>2010-2011<td width=192>$5,000,000<tr><td width=192>2012<td width=192>$5,120,000<tr><td width=192>2013<td width=192>$5,250,000<tr><td width=192>2014<td width=192>$5,340,000<tr><td width=192>2015<td width=192>$5,430,000<tr><td width=192>2016<td width=192>$5,450,000<tr><td width=192>2017<td width=192>$5,490,000<tr><td width=192>2018<td width=192>$11,180,000<tr><td width=192>2019<td width=192>$11,400,000<tr><td width=192>2020<td width=192>$11,580,000<tr><td width=192>2021<td width=192>$11,700,000<tr><td width=192>2022<td width=192>$12,060,000<tr><td width=192>2023<td width=192>$12,920,000<tr><td width=192>2024<td width=192>$13,610,000<tr><td width=192>2025<td width=192>$13,990,000<tr><td width=192>2026<td width=192>$15,000,000<tr><td width=383 colspan=2>*Plus increases for indexing for inflation after 2012.<tr><td width=383 colspan=2>IRC Secs. 2631, 2010(c), as amended by EGTRRA 2001 and ATRA, Pub. Law No. 115-97 (2017 Tax Act). One Big Beautiful Bill.</table><h4 style=text-align:center>Indexed Amounts Source</h4><table class=aligncenter style=height:1636px width=90%><tr><td width=194>Year<td width=194>Rev. Proc.<tr><td width=194>2003<td width=194>2002-70, 2002-46 IRB 845<tr><td width=194> 2004<td width=194>2003-85, 2003-49 IRB 1184<tr><td width=194>2005<td width=194>2004-71, 2004-50 IRB 970<tr><td width=194>2006<td width=194>2005-70, 2005-47 IRB 979<tr><td width=194>2007<td width=194>2006-53, 2006-48 IRB 996<tr><td width=194>2008<td width=194>2007-66, 2007-45 IRB 970<tr><td width=194>2009<td width=194>2008-66, 2008-45 IRB 1107<tr><td width=194>2010<td width=194>2009-50, 2009-45 IRB 617<tr><td width=194>2011<td width=194>2010-40, 2010-46 IRB 663<tr><td width=194>2012<td width=194>2011-52, 2011-45 IRB 701<tr><td width=194>2013<td width=194>2012-15, 2013-5 IRB 444<tr><td width=194>2014<td width=194>2013-35, 2013 -47 IRB 537<tr><td width=194>2015<td width=194>2014-61,2014-47 IRB 860<tr><td width=194>2016<td width=194>2015-53, 2015-44 IRB 1<tr><td width=194>2017<td width=194>2016-55, 2016-45 IRB 1<tr><td width=194>2018<td width=194>2017-58, 2017-42 IRB 1; Pub. Law No. 115-97 (2017 Tax Act)<tr><td width=194>2019<td width=194>2018-57, 2018-49, IRB 1<tr><td width=194>2020<td width=194>2019-44, 2019-47, IRB 1<tr><td width=194>2021<td width=194>2020-45, 2020-46, IRB 1<tr><td width=194> 2022<td width=194>2021-45, 2021-48, IRB 1<tr><td width=194> 2023<td width=194>2022-38; 2022-45 IRB 445<tr><td width=194> 2024<td width=194>2023-34, 2023-48 IRB 1287<tr><td width=194>2025<td width=194> 2024-40<tr><td width=194>2026<td width=194> One Big Beautiful Bill</table> <style></style></section>

February 05, 2018

Income Tax Tables

<h3 style="text-align: center;">(Tax Years Beginning in 2019 and beyond) </h3>   The American Taxpayer Relief Act of 2012 (ATRA) made the income tax brackets put into place under the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) permanent and added a new top tax bracket for certain high income taxpayers. The permanence of the ATRA provisions eliminated much of the uncertainty faced by taxpayers in previous years. Under ATRA, for tax years beginning after 2012 and before 2018, individual income tax rates are set at 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent. Under the 2017 Tax Act (Pub. Law No. 115-97), individual income tax rates are set at 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent for tax years beginning after 2017 and before 2026. Individual 2025 Tax Rates <table class=" aligncenter"> <tbody> <tr> <td colspan="5"> Taxable Income </td> </tr> <tr> <td> Tax Rate </td> <td style="text-align: center;">Single </td> <td style="text-align: center;"> Married Filing Jointly Including Qualifying Widow(er) with Dependent Child </td> <td style="text-align: center;">Married Filing Separately </td> <td style="text-align: center;">Head of Household </td> </tr> <tr> <td> 10% </td> <td style="text-align: center;">$0 to $11,925</td> <td style="text-align: center;"> $0 to $23,850 </td> <td style="text-align: center;">$0 to $11,925</td> <td style="text-align: center;">$0 to $17,000</td> </tr> <tr> <td> 12% </td> <td> $11,925-$48,475 </td> <td style="text-align: center;"> $23,850-$96,950 </td> <td style="text-align: center;">$11,925-$48,475</td> <td> $17,000-$64,850 </td> </tr> <tr> <td> 22% </td> <td> $48,475-$103,350 </td> <td style="text-align: center;">$96,950-$206,700</td> <td style="text-align: center;">$48,475-$103,350</td> <td> $64,850-$103,350 </td> </tr> <tr> <td style="text-align: center;">24%</td> <td style="text-align: center;">$103,350-$197,300</td> <td> $206,700-$394,600</td> <td> $103,350-$197,300</td> <td>$103,350-$197,300</td> </tr> <tr> <td> 32% </td> <td> $197,300-$250,525 </td> <td style="text-align: center;">$394,600-$501,050</td> <td style="text-align: center;">$197,300-$250,525</td> <td> $197,300-$250,500 </td> </tr> <tr> <td> 35% </td> <td style="text-align: center;">$250,525-$626,350</td> <td style="text-align: center;">$501,050-$751,600</td> <td style="text-align: center;">$250,525-$375,800</td> <td> $250,500-$626,350 </td> </tr> <tr> <td> 37% </td> <td style="text-align: center;">Over $626,350</td> <td style="text-align: center;">Over $751,600</td> <td style="text-align: center;">Over $375,800</td> <td> Over $626,350 </td> </tr> </tbody> </table> <h4></h4> <h4 style="text-align: center;">Estate and Trusts 2025 Tax Rates</h4> <table class=" aligncenter" width="578"> <tbody> <tr> <td width="345"> Tax Rate </td> <td> Trusts and Estate Income </td> </tr> <tr> <td width="345">10%</td> <td> $0-$3,150 </td> </tr> <tr> <td width="345">$310 plus 24% of the excess over $3,100</td> <td> $3,150-$11,450 </td> </tr> <tr> <td>$2,242 plus 35% of the excess over $11,150</td> <td> $11,450-$15,650 </td> </tr> <tr> <td>$3,659 plus 37% of the excess over $15,200</td> <td> Over $15,650</td> </tr> </tbody> </table> <h4></h4> Individual 2024 Tax Rates <table class=" aligncenter"> <tbody> <tr> <td colspan="5"> Taxable Income </td> </tr> <tr> <td> Tax Rate </td> <td style="text-align: center;">Single </td> <td style="text-align: center;"> Married Filing Jointly Including Qualifying Widow(er) with Dependent Child </td> <td style="text-align: center;">Married Filing Separately </td> <td style="text-align: center;">Head of Household </td> </tr> <tr> <td> 10% </td> <td style="text-align: center;">$0 to $11,600</td> <td style="text-align: center;"> $0 to $23,200 </td> <td style="text-align: center;">$0 to $11,600</td> <td style="text-align: center;">$0 to $16,550</td> </tr> <tr> <td> 12% </td> <td> $11,600-$47,150 </td> <td style="text-align: center;"> $23,200-$94,300 </td> <td style="text-align: center;">$11,600-$47,150</td> <td> $16,550-$63,100 </td> </tr> <tr> <td> 22% </td> <td> $47,150-$100,525 </td> <td style="text-align: center;">$94,300-$201,050</td> <td style="text-align: center;">$47,150-$100,525</td> <td> $63,100-$100,500 </td> </tr> <tr> <td style="text-align: center;">24%</td> <td style="text-align: center;">$100,525-$191,950</td> <td>$201,050-$383,900</td> <td>$100,525-$191,950</td> <td>$100,500-$191,950</td> </tr> <tr> <td> 32% </td> <td> $191,950-$243,725 </td> <td style="text-align: center;">$383,900-$487,4500</td> <td style="text-align: center;">$191,950-$243,725</td> <td> $191,950-$243,700 </td> </tr> <tr> <td> 35% </td> <td style="text-align: center;">$243,725-$609,350</td> <td style="text-align: center;">$487,450-$731,200</td> <td style="text-align: center;">$243,725-$365,600</td> <td> $243,700-$609,350 </td> </tr> <tr> <td> 37% </td> <td style="text-align: center;">Over $609,350</td> <td style="text-align: center;">Over $731,200</td> <td style="text-align: center;">Over $365,600</td> <td> Over $609,350 </td> </tr> </tbody> </table> <h4></h4> <h4 style="text-align: center;">Estate and Trusts 2024 Tax Rates</h4> <table class=" aligncenter" width="578"> <tbody> <tr> <td width="345"> Tax Rate </td> <td> Trusts and Estate Income </td> </tr> <tr> <td width="345">10%</td> <td> $0-$3,100 </td> </tr> <tr> <td width="345">$310 plus 24% of the excess over $3,100</td> <td> $3,100-$11,150 </td> </tr> <tr> <td>$2,242 plus 35% of the excess over $11,150</td> <td> $11,150-$15,200 </td> </tr> <tr> <td>$3,659 plus 37% of the excess over $15,200</td> <td> Over $15,200</td> </tr> </tbody> </table> <h4></h4> Individual 2023 Tax Rates <table class=" aligncenter"> <tbody> <tr> <td colspan="5"> Taxable Income </td> </tr> <tr> <td> Tax Rate </td> <td style="text-align: center;">Single </td> <td style="text-align: center;"> Married Filing Jointly Including Qualifying Widow(er) with Dependent Child </td> <td style="text-align: center;">Married Filing Separately </td> <td style="text-align: center;">Head of Household </td> </tr> <tr> <td> 10% </td> <td style="text-align: center;">$0 to $10,275</td> <td style="text-align: center;"> $0 to $20,550 </td> <td style="text-align: center;">$0 to $10,275</td> <td style="text-align: center;">$0 to $14,650</td> </tr> <tr> <td> 12% </td> <td> $10,275-$41,775 </td> <td style="text-align: center;"> $20,550-$83,550 </td> <td style="text-align: center;">$10,275-$41,775</td> <td> $14,650-$55,900 </td> </tr> <tr> <td> 22% </td> <td> $41,775-$89,075 </td> <td style="text-align: center;">$83,550-$178,150</td> <td style="text-align: center;">$41,775-$89,075</td> <td> $55,900-$89,050 </td> </tr> <tr> <td style="text-align: center;">24%</td> <td style="text-align: center;">$89,075-$170,050</td> <td>$178,150-$340,100</td> <td>$89,075-$170,050</td> <td>$89,050-$170,050</td> </tr> <tr> <td> 32% </td> <td> $170,050-$215,950 </td> <td style="text-align: center;">$340,100-$431,900</td> <td style="text-align: center;">$170,050-$215,950</td> <td> $170,050-$215,950 </td> </tr> <tr> <td> 35% </td> <td style="text-align: center;">$215,950-$539,900</td> <td style="text-align: center;">$431,900-$647,850</td> <td style="text-align: center;">$215,950-$323,925</td> <td> $215,950-$539,900 </td> </tr> <tr> <td> 37% </td> <td style="text-align: center;">Over $539,900</td> <td style="text-align: center;">Over $647,850</td> <td style="text-align: center;">Over $323,925</td> <td> Over $539,900 </td> </tr> </tbody> </table> <h4></h4> <h4 style="text-align: center;">Estate and Trusts 2023 Tax Rates</h4> <table class=" aligncenter" width="578"> <tbody> <tr> <td width="345"> Tax Rate </td> <td> Trusts and Estate Income </td> </tr> <tr> <td width="345">10%</td> <td> $0-$2,900 </td> </tr> <tr> <td width="345">$290 plus 24% of the excess over $2,900</td> <td> $2,900-$10,550 </td> </tr> <tr> <td width="345">$2,126 plus 35% of the excess over $10,550</td> <td> $10,550-$14,450 </td> </tr> <tr> <td width="345">$3,491 plus 37% of the excess over $14,450</td> <td> Over $14,450</td> </tr> </tbody> </table> <h4></h4> <h4 style="text-align: center;">Individual 2022 Tax Rates</h4> <table class=" aligncenter"> <tbody> <tr> <td colspan="5"> Taxable Income </td> </tr> <tr> <td> Tax Rate </td> <td style="text-align: center;">Single </td> <td style="text-align: center;"> Married Filing Jointly Including Qualifying Widow(er) with Dependent Child </td> <td style="text-align: center;">Married Filing Separately </td> <td style="text-align: center;">Head of Household </td> </tr> <tr> <td> 10% </td> <td style="text-align: center;">$0 to $11,000</td> <td style="text-align: center;"> $0 to $22,000 </td> <td style="text-align: center;">$0 to $11,000</td> <td style="text-align: center;">$0 to $15,700</td> </tr> <tr> <td> 12% </td> <td> $11,000-$44,725 </td> <td style="text-align: center;"> $22,000-$89,450 </td> <td style="text-align: center;">$11,000-$44,725</td> <td> $15,700-$59,850 </td> </tr> <tr> <td> 22% </td> <td> $44,725-$95,375 </td> <td style="text-align: center;">$89,450-$190,750</td> <td style="text-align: center;">$44,725-$95,375</td> <td> $59,850-$95,350 </td> </tr> <tr> <td style="text-align: center;">24%</td> <td style="text-align: center;">$95,375-$182,100</td> <td>$190,750-$364,200</td> <td>$95,375-$182,100</td> <td>$95,350-$182,100</td> </tr> <tr> <td> 32% </td> <td> $182,100-$231,250 </td> <td style="text-align: center;">$364,200-$462,500</td> <td style="text-align: center;">$182,100-$231,350</td> <td> $182,100-$231,250 </td> </tr> <tr> <td> 35% </td> <td style="text-align: center;">$231,250-$578,125</td> <td style="text-align: center;">$462,500-$693,750</td> <td style="text-align: center;">$231,350-$346,865</td> <td> $231,250-$578,100 </td> </tr> <tr> <td> 37% </td> <td style="text-align: center;">Over $578,125</td> <td style="text-align: center;">Over $693,750</td> <td style="text-align: center;">Over $346,875</td> <td> Over $578,100 </td> </tr> </tbody> </table> Estates and Trusts 2022 Tax Rates <table class=" aligncenter"> <tbody> <tr> <td width="345"> Tax Rate </td> <td> Trusts and Estate Income </td> </tr> <tr> <td width="345">10%</td> <td> $0 to $$2,750 </td> </tr> <tr> <td width="345">$275 plus 24% of the excess over $2,750</td> <td> $2,750-$9,850 </td> </tr> <tr> <td width="345">$1,979 plus 35% of the excess over $9,850</td> <td> $9,850-$13,450 </td> </tr> <tr> <td width="345">$3,239 plus 37% of the excess over $13,450</td> <td>Over $13,450</td> </tr> </tbody> </table> <h4 style="text-align: center;">Individual 2021 Tax Rates</h4> <table class=" aligncenter"> <tbody> <tr> <td colspan="5"> Taxable Income </td> </tr> <tr> <td> Tax Rate </td> <td style="text-align: center;">Single</td> <td style="text-align: center;">Married Filing Jointly Including Qualifying Widow(er) with Dependent Child</td> <td style="text-align: center;">Married Filing Separately</td> <td style="text-align: center;">Head of Household</td> </tr> <tr> <td> 10% </td> <td style="text-align: center;">$0 to $9,950</td> <td style="text-align: center;">$0 to $19,900</td> <td style="text-align: center;">$0 to $9,950</td> <td style="text-align: center;">$0 to $14,200</td> </tr> <tr> <td> 12% </td> <td> $9,950-$40,525 </td> <td style="text-align: center;">$19,900-$81,050</td> <td style="text-align: center;">$9,950-$40,525</td> <td> $14,200-$54,200 </td> </tr> <tr> <td style="text-align: center;">22%</td> <td style="text-align: center;">$40,525-$86,375</td> <td style="text-align: center;">$81,050-$172,750</td> <td style="text-align: center;">$40,525-$86,375</td> <td> $54,200-$86,350 </td> </tr> <tr> <td style="text-align: center;">24%</td> <td style="text-align: center;">$86,375-$164,925</td> <td style="text-align: center;">$172,750-$329,850</td> <td> $86,375-$164,925 </td> <td> $86,350-$164,900 </td> </tr> <tr> <td> 32% </td> <td style="text-align: center;">$164,925-$209,425</td> <td style="text-align: center;">$329,850-$418,850</td> <td style="text-align: center;">$164,925-$209,425</td> <td> $164,900-$209,400 </td> </tr> <tr> <td>35%</td> <td>$209,425-$523,600</td> <td>$418,850-$628,300</td> <td>$209,425-$314,150</td> <td>$209,400-$523,600</td> </tr> <tr> <td>37%</td> <td>Over $523,600</td> <td>Over $628,300</td> <td>Over $314,150</td> <td>Over $523,600</td> </tr> </tbody> </table> <h4 style="text-align: center;">Estates and Trusts 2021 Tax Rates</h4> <table class=" aligncenter"> <tbody> <tr> <td style="text-align: center;" width="174">Tax Rate</td> <td style="text-align: center;" width="234">Trusts and Estate Income</td> </tr> <tr> <td style="text-align: center;" width="174">10%</td> <td style="text-align: center;" width="234">$0 to $2,650</td> </tr> <tr> <td style="text-align: center;" width="174">$265 plus 24% of the excess over $2,650</td> <td style="text-align: center;" width="234">$2,650-$9,550</td> </tr> <tr> <td style="text-align: center;" width="174">$1,921 plus 35% of the excess over $9,550</td> <td style="text-align: center;" width="234">$9,550-$13,050</td> </tr> <tr> <td style="text-align: center;" width="174">$3,146 plus 37% of the excess over $13,050</td> <td style="text-align: center;" width="234">Over $13,050</td> </tr> </tbody> </table> <h4 style="text-align: center;">Individual 2020 Tax Rates</h4> <table class=" aligncenter"> <tbody> <tr> <td style="text-align: center;" colspan="5">Taxable Income</td> </tr> <tr> <td style="text-align: center;">Tax Rate</td> <td style="text-align: center;">Single</td> <td style="text-align: center;">Married Filing Jointly Including Qualifying Widow(er) with Dependent Child</td> <td style="text-align: center;">Married Filing Separately</td> <td style="text-align: center;" width="147">Head of Household</td> </tr> <tr> <td style="text-align: center;">10%</td> <td style="text-align: center;">$0 to $9,875</td> <td style="text-align: center;">$0 to $19,750</td> <td style="text-align: center;">$0 to $9,875</td> <td style="text-align: center;" width="147">$0 to $14,100</td> </tr> <tr> <td style="text-align: center;">12%</td> <td style="text-align: center;">$9,875-$40,100</td> <td>$19,750-$80,200</td> <td>$9,875 -$40,100</td> <td width="147">$14,100-$53,700</td> </tr> <tr> <td style="text-align: center;">22%</td> <td style="text-align: center;">$40,100-$85,525</td> <td style="text-align: center;">$80,200-$171,050</td> <td style="text-align: center;">$40,100-$85,525</td> <td style="text-align: center;" width="147">$53,700-$85,500</td> </tr> <tr> <td style="text-align: center;">24%</td> <td>$85,525-$163,300</td> <td>$171,050-$326,600</td> <td>$85,525-$163,300</td> <td width="147">$85,500-$163,300</td> </tr> <tr> <td style="text-align: center;">32%</td> <td style="text-align: center;">$163,300-$207,350</td> <td style="text-align: center;">$326,600-$414,700</td> <td style="text-align: center;">$163,300-$207,350</td> <td style="text-align: center;" width="147">$163,300-$207,350</td> </tr> <tr> <td style="text-align: center;">35%</td> <td style="text-align: center;">$207,350-$518,400</td> <td style="text-align: center;">$414,700-$622,050</td> <td style="text-align: center;">$207,230-$311,025</td> <td style="text-align: center;" width="147">$207,350-$518,400</td> </tr> <tr> <td style="text-align: center;">37%</td> <td style="text-align: center;">Over $518,400</td> <td style="text-align: center;">Over $622,050</td> <td style="text-align: center;">Over $311,025</td> <td style="text-align: center;" width="147">Over $518,400</td> </tr> </tbody> </table> <h4 style="text-align: center;">Estates and Trusts 2020 Tax Rates</h4> <table class=" aligncenter"> <tbody> <tr> <td style="text-align: center;" width="174">Tax Rate</td> <td style="text-align: center;" width="234">Trusts and Estate Income</td> </tr> <tr> <td style="text-align: center;" width="174">10%</td> <td style="text-align: center;" width="234">$0 to $2,600</td> </tr> <tr> <td style="text-align: center;" width="174">$260 plus 24% of the excess over $2,600</td> <td style="text-align: center;" width="234">$2,600-$9,450</td> </tr> <tr> <td style="text-align: center;" width="174">$1,868 plus 35% of the excess over $9,300</td> <td style="text-align: center;" width="234">$9,450-$12,950</td> </tr> <tr> <td style="text-align: center;" width="174">$3,075.50 plus 37% of the excess over $12,750</td> <td style="text-align: center;" width="234">Over $12,950</td> </tr> </tbody> </table> <h4 style="text-align: center;">Individual 2019 Tax Rates</h4> <table class=" aligncenter"> <tbody> <tr> <td style="text-align: center;" colspan="5">Taxable Income</td> </tr> <tr> <td style="text-align: center;">Tax Rate</td> <td style="text-align: center;">Single</td> <td style="text-align: center;">Married Filing Jointly Including Qualifying Widow(er) with Dependent Child</td> <td style="text-align: center;">Married Filing Separately</td> <td style="text-align: center;" width="147">Head of Household</td> </tr> <tr> <td style="text-align: center;">10%</td> <td style="text-align: center;">$0 to $9,700</td> <td style="text-align: center;">$0 to $19,400</td> <td style="text-align: center;">$0 to $9,700</td> <td style="text-align: center;" width="147">$0 to $13,850</td> </tr> <tr> <td style="text-align: center;">12%</td> <td style="text-align: center;">$9,700-$39,475</td> <td style="text-align: center;">$19,400-$78,950</td> <td style="text-align: center;">$9,700-$39,475</td> <td style="text-align: center;" width="147">$13,850-$52,850</td> </tr> <tr> <td style="text-align: center;">22%</td> <td style="text-align: center;">$39,475-$84,200</td> <td>$78,950-$168,400</td> <td>$39,475-$84,200</td> <td width="147">$52,850-$84,200</td> </tr> <tr> <td style="text-align: center;">24%</td> <td style="text-align: center;">$84,200-$160,725</td> <td style="text-align: center;">$168,400-$321,450</td> <td style="text-align: center;">$84,200-$160,725</td> <td style="text-align: center;" width="147">$84,200-$160,700</td> </tr> <tr> <td style="text-align: center;">32%</td> <td style="text-align: center;">$160,725-$204,100</td> <td style="text-align: center;">$321,450-$408,200</td> <td style="text-align: center;">$160,725-$204,100</td> <td style="text-align: center;" width="147">$160,700-$204,100</td> </tr> <tr> <td style="text-align: center;">35%</td> <td>$204,100-$510,300</td> <td>$408,200-$612,350</td> <td>$204,100-$306,175</td> <td width="147">$204,100-$510,300</td> </tr> <tr> <td style="text-align: center;">37%</td> <td style="text-align: center;">Over $510,300</td> <td style="text-align: center;">Over $612,350</td> <td style="text-align: center;">Over $306,175</td> <td style="text-align: center;" width="147">Over $510,300</td> </tr> </tbody> </table>