Tax and Estate Planning Update: Key U.S. Estate Tax Rates and Exemption Amounts for 2009
Racicot & Associates
18 Feb 2009
For the calendar year 2009, the following U.S. estate tax rates and exemption amount will now apply:
| 2008 | 2009 | |
| Maximum Estate Tax | 45% | 45% |
| Estate Tax Exemption | $2,000,000 | $3,500,000 |
| Generation-skipping tax exemption | $2,000,000 | $2,000,000 |
| Lifetime gift tax exemption | $1,000,00 | $1,000,000 |
| Annual gift tax exclusion amount | $12,000 | $13,000 |
| Annual gift tax exclusion amount to non-citizen spouse | $128,000 | $133,000 |
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