Federal Estate & Gift Tax Unified Credit
|
Year of Death
or Gift |
*Exclusion |
*Unified Credit |
| 1986-1997 |
$600,000 |
$192,800 |
| 1998 |
$625,000 |
$202,050 |
| 1999 |
$650,000 |
$211,300 |
| 2000-2001 |
$675,000 |
$220,550 |
| 2002-2003 |
$700,000 |
$229,800 |
| 2004 |
$850,000 |
$287,300 |
| 2005 |
$950,000 |
$326,300 |
| 2006 |
$1,000,000 |
$345,800 |
*Family-owned
business tax exclusion = $675,000.
Estate tax exclusion when maximum business tax exclusion is claimed
= $625,000. |
|
