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|Federal estate tax exclusion||Repealed|
|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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