Federal Estate Tax Applicable Exclusion Amount*
|
|
|
Year
of Death |
Amount
Excluded |
|
2002 |
$1,000,000 |
|
2003 |
$1,000,000 |
|
2004 |
$1,500,000 |
|
2005 |
$1,500,000 |
|
2006 |
$2,000,000 |
|
2007 |
$2,000,000 |
|
2008 |
$2,000,000 |
|
2009 |
$3,500,000 |
|
2010 |
Estate
taxes repealed |
|
20111 |
$675,000 |
|
* If
Congress does not act by 12/31/10, the exemption reverts back to the
exclusion amount specified in the prior tax law. |
|