|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|Federal estate tax exclusion||Repealed|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.