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2017 Tax Reform: Estate Tax Rate Changes

Posted by Emily Taibl on Dec 21, 2017 4:32:16 PM

House with money and tax

The current law allows for $5.5 million exemption for individuals and $11 million for married taxpayers.  The new law allows for $11 million exemption for individuals and $22 million for married taxpayers.

The new rates are effective January 1, 2018 and ending December 31, 2026.

Here are the current and new tax rates for estate taxes:

Current Rate   New Rate
             
Taxable Income   Tax Rate   Taxable Income   Tax Rate
             
$0 to $2,550   15%   $0 to $2,550   10%
$2,551 to $6,000   25%   $2,551 to $9,150   24%
$6,001 to $9,150   28%   $9,151 to $12,500   35%
$9,151 to $12,500   33%   above $12,500   37%
above $12,500   39.6%        
             

Topics: Tax

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