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Federal transfer tax exemption amounts under the Tax Act of 2001

Year Gift Tax Exemption Amount Estate Tax Exemption Amount Generation-Skipping Transfer Tax (GSTT) Exemption Amount
2003 $1,000,000 $1,000,000 $1,120,000
2004 $1,000,000 $1,500,000 $1,500,000
2005 $1,000,000 $1,500,000 $1,500,000
2006 $1,000,000 $2,000,000 $2,000,000
2007 $1,000,000 $2,000,000 $2,000,000
2008 $1,000,000 $2,000,000 $2,000,000
2009 $1,000,000 $3,500,000 $3,500,000
2010 $1,000,000 $5,000,000 Repealed
2011 $1,000,000 $5,000,000 $5,000,000
2012 $1,000,000 $5,120,000 $5,120,000
2013 $1,000,000 $5,250,000 $5,250,000
2014 $1,000,000 $5,340,000 $5,340,000
2015 $1,000,000 $5,430,000 $5,430,000