2020 and 2021 Gift Tax and Estate Tax Rate Schedule
| Taxable Gift/Estate | Tentative Tax Equals | |||
| exceeds | but does not exceed | base tax of | plus | of amount over |
| $0 | $10,000 | $0 | 18% | $0 |
| $10,000 | $20,000 | $1,800 | 20% | $10,000 |
| $20,000 | $40,000 | $3,800 | 22% | $20,000 |
| $40,000 | $60,000 | $8,200 | 24% | $40,000 |
| $60,000 | $80,000 | $13,000 | 26% | $60,000 |
| $80,000 | $100,000 | $18,200 | 28% | $80,000 |
| $100,000 | $150,000 | $23,800 | 30% | $100,000 |
| $150,000 | $250,000 | $38,800 | 32% | $150,000 |
| $250,000 | $500,000 | $70,800 | 34% | $250,000 |
| $500,000 | $750,000 | $155,800 | 37% | $500,000 |
| $750,000 | $1,000,000 | $248,300 | 39% | $750,000 |
| $1,000,000 + | $345,800 | 40% | $1,000,000 | |
| Credit shelter amount $11,700,000 in 2021; $11,580,000 in 2020 | Unified credit amount $4,625,800 in 2021; $4,577,800 in 2020 |
The Tax Cuts and Jobs Act, signed into law in December 2017, doubled the gift and estate tax basic exclusion amount to $11,180,000 in 2018. It is $11,700,000 in 2021. After 2025, the exclusion is scheduled to revert to its pre-2018 level and be cut by about one-half.
