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  Scott H. Linden, Esq.
Attorney and Counselor at Law
Phone: (818) 968-6165
Fax:  (818) 479-9769
  

SPECIAL INFORMATIONAL BULLETINS:


Scott H. Linden, Esq. Attorney & Counselor at Law (818)968-6165

Federal Tax Changes (2004 - 2011+)

This simplified chart shows the key changes as a result of the 2001 Tax Act. It is very likely that Congress will act before 2010 to freeze things at or near the 2009 level (as opposed to letting the estate tax expire in 2010 and then return at the 2001 level for 2011 and future years).

2004

Applicable Exclusion Amount - $1.5 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 48%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 48%
GST Exemption Amount Allowable - $1.5 Million
GST Transfer Tax Rate – 48%

2005

Applicable Exclusion Amount - $1.5 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 47%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 47%
GST Exemption Amount Allowable - $1.5 Million
GST Transfer Tax Rate – 47%

2006

Applicable Exclusion Amount - $2 Million
Lowest Estate Tax Rate – 46%
Highest Estate Tax Rate – 46%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 46%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate – 46%

2007

Applicable Exclusion Amount - $2 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 45%
Lifetime Gifts Market Value Exemption -$1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 45%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate – 45%

2008

Applicable Exclusion Amount - $2 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 45%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 45%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate – 45%

2009

Applicable Exclusion Amount - $3.5 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 45%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 45%
GST Exemption Amount Allowable - $3.5 Million
GST Transfer Tax Rate – 45%

2010

Applicable Exclusion Amount - Repealed
Lowest Estate Tax Rate - Repealed
Highest Estate Tax Rate - Repealed
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 35%
Highest Gift Tax Rate – 35%
GST Exemption Amount Allowable - Repealed
GST Transfer Tax Rate - Repealed

2011+

Applicable Exclusion Amount - $1.1 Million
Lowest Estate Tax Rate – 41%
Highest Estate Tax Rate – 55%
Lifetime Gifts Market Value Exemption - $1.1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 50%
GST Exemption Amount Allowable - $1.1 Million
GST Transfer Tax Rate – 55%
   
       Disclaimer of Liability: This site is provided as a public service . While the information on this site is about legal issues, it is not legal advice or legal representation. Because of the rapidly changing nature of the law and our reliance upon outside sources, we make no warranty or guarantee of the accuracy or reliability of information contained herein or at other sites to which we link. We assume no responsibility for any information, advice or services provided by any site to which we link.

We Serve the following Cities and Zip Codes:

90606, Los Nietos
90640, Montebello 90660, Pico Rivera
91001, Altadena
91006, Arcadia 91007, Arcadia
91010, Bradbury
91011, Flintridge 91016, Monrovia
91020, Montrose
91024, Sierra Madre 91030, South Pasadena
91040, Shadow Hills
91101, Pasadena 91103, Pasadena
91042, Tujunga
91104, Pasadena 91105, Pasadena
91106, Pasadena
91107, Pasadena 91108, San Marino
91201, Glendale
91202, Glendale 91203, Glendale
91204, Glendale
91205, Glendale 91206, Glendale
91207, Glendale
91208, Glendale 91214, La Crescenta
91352, Sun Valley
91501, Burbank 91502, Burbank
91504, Burbank
91505, Burbank 91506, Burbank