Summary
2010
Estate Tax
Exclusion amount
$5,000,000
Maximum tax rate
35%
Carryover basis
Option to elect carryover basis instead of estate tax
Gift Tax
Exclusion amount
$1,000,000 (no change)
Maximum tax rate
35% (no change)
2011-2012
Estate Tax
Exclusion amount
$5,000,000
Maximum tax rate
35%
Gift Tax
Exclusion amount
$5,000,000
Maximum tax rate
35% (no change)
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