Keep this chart handy. Read more about the federal estate tax here. Learn if your state has an additional estate tax with this map.

2010 estate and gift tax limits
Annual gift tax exclusion $13,000
Lifetime gift tax exclusion $1 million
Federal estate tax exclusion Repealed
Generation skipping Repealed
Maximum gift and estate tax rate Gift tax only, equal to top individual income tax rate

Note: Unless Congress takes action, the federal estate tax will and revert to a top rate of 55 percent. The applicable exclusion amount will revert to $1 million.

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