Estate and Gift Tax

Here are some key points for Estate and Gift Taxes.

Estate and Gift Taxes - 2012
Estate Tax Applicable Exclusion Amount$5,120,000
Gift Tax Applicable Exclusion Amount$5,120,000
Annual Gift Tax Exclusion Amount
Per Donee$13,000
Split Gifts by Spouses$26,000
Gift to Noncitizen Spouse$139,000
Maximum Estate Tax Rate35%
Gift Tax Rate35%
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