2019 Federal Estate, Gift and GST Tax Cheat Sheet

Below is a summary of the current federal estate, gift and generation-skipping transfer tax provisions for 2019. Note that, under current law, the increases in exemption amounts that began in 2018 are set to expire in 2026, at which point they will revert back to the pre-2018 numbers (i.e., $5,490,000 per person, indexed for inflation).

Gift and Estate Tax Exemptions

  • Single: $11,400,000
  • Married: $22,800,000
  • Rate: 40%

Gift Tax Exemption[1]

  • Single: $11,400,000 (unified with estate tax exemption)
  • Married: $22,800,000
  • Rate: 40%
  • Annual Exclusion Amount: $15,000
  • Exclusions for medical and educational expenses

Generation-Skipping Transfer Tax Exemption

  • Single: $11,400,000
  • Married: $22,800,000
  • Rate: 40%

 

Updated January 2019

[1] The federal estate and gift taxes are unified, which means that gifts utilizing exemption during life will deplete the amount of exemption available at death.

Wealthspire Advisors is the common brand and trade name used by Sontag Advisory LLC and Wealthspire Advisors, LP, separate registered investment advisers and subsidiary companies of NFP Corp.
This information should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The commentary provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors, LP cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use. © 2019 Wealthspire Advisors

Nicole Hart, J.D.

Nicole Hart is head of our trusts & estates department and works in our New York office.