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Estate Planning Information for 2013


The Taxable Estate
Federal Estate Tax
From To Base Rate Plus Tax on the Excess of
$ 0 $ 10,000 18% $ 0
10,000 20,000 $ 1,800 + 20% 10,000
20,000 40,000 3,800 + 22% 20,000
40,000 60,000 8,200 + 24% 40,000
60,000 80,000 13,000 + 26% 60,000
80,000 100,000 18,200 + 28% 80,000
100,000 150,000 23,800 + 30% 100,000
150,000 250,000 38,800 + 32% 150,000
250,000 500,000 70,800 + 34% 250,000
500,000 750,000 155,800 + 37% 500,000
750,000 1,000,000 248,300 + 39% 750,000
1,000,000 1,250,000 345,800 + 41% 1,000,000
1,250,000 1,500,000 448,300 + 43% 1,250,000
1,500,000 2,000,000 555,800 + 45% 1,500,000
2,000,000 2,500,000 780,800 + 49% 2,000,000
2,500,000 3,000,000 1,025,800 + 53% 2,500,000
3,000,000 10,000,000 1,290,800 + 55% 3,000,000
10,000,000 17,184,000 5,140,800 + 60% 10,000,000
17,184,000 On up 9,451,200 + 55% 17,184,000


 
For Decedents  
Dying In
Maximum Estate  
Tax Rate
Applicable
Exclusion Amount
Exemption
Equivalent
2001
55%
$220,550
$675,000
2002
50%
345,800
1,000,000
2003
49%
345,800
1,000,000
2004
48%
555,800
1,500,000
2005
47%
555,800
1,500,000
2006
46%
780,800
2,000,000
2007
45%
780,800
2,000,000
2008
45%
780,800
2,000,000
2009
45%
1,455,800
3,500,000
2010
"Extended Thru 2013"
N/A
N/A
2011
55% Reintroduced 2014
345,800
1,000,000

Taxpayere Relief Act 2012 Explained!
The American Taxpayer Relief Act of 2012 Pub.L. 112240, H.R. 8, 126 Stat. 2313, enacted January 2, 2013) was passed by the United States Congress on January 1, 2013, and was signed into law by President Barack Obama the next day. The Act centers on a partial resolution to the United States fiscal cliff by addressing the expiration of certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (known together as the "Bush tax cuts"), which had been temporarily extended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The Act also addressed the activation of the budget sequestration provisions of the Budget Control Act of 2011.

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