|
Determination of Tax
The year of a person's death determines the appropriate
estate tax rate, along with the appropriate unified
credit amount. These two values are used to determine
the taxes that are owed against the value of the taxable
estate.
Use the
Federal
Estate Tax Calculator for a quick calculation of the
amount owing for any year between 2001 through 2012.
|
|
Year of Death |
Applicable
Exclusion Amount |
Unified
Credit Amount |
Top Tax Rate |
|
2002 |
$1,000,000 |
$345,800 |
50% |
|
2003 |
$1,000,000 |
$345,800 |
49% |
|
2004 |
$1,500,000 |
$555,800 |
48% |
|
2005 |
$1,500,000 |
$555,800 |
47% |
|
2006 |
$2,000,000 |
$780,800 |
46% |
|
2007 |
$2,000,000 |
$780,800 |
45% |
|
2008 |
$2,000,000 |
$780,800 |
45% |
|
2009 |
$3,500,000 |
$1,455,800 |
45% |
|
2010 |
No estate tax |
|
2011 |
$5,000,000 |
|
35% |
|
2012 |
$5,000,000 |
|
35% |
|
