2019 Changes to the Federal Estate Tax

2019 brought incremental changes to the estate tax and other related taxes.

Federal Estate Tax Exemption -- $11.4 million.

Unless your taxable estate is worth more than $11.4 million, your estate will not owe federal estate tax if you die in 2019. This is an increase from the 2018 exemption amount of $11.18 million. Portability continues to greatly increase the power of this exemption for married couples who can now leave up to $22.8 million without paying estate tax.

Learn more about estate tax and portability.

Keep mind that in the handful of states that still have state estate tax, the exemptions are lower than the federal exemption. So an estate might be large enough to owe state estate tax even if it is not large enough to owe federal estate tax.

Learn more about state estate taxes.

Personal Gift Tax Exemption

In 2019, the personal exemption for gift tax continues to be $15,000 per recipient per year. (No change from 2018.)

Learn more about gift tax.

Noncitizen Spouse Exemption

The noncitizen spouse exemption for 2019 is $155,000, up from $152,000 in 2018.

Learn more about estate planning with a noncitizen spouse.

Read On If You Like Tax Info!

You can read the entire IRS report on inflation-adjusted numbers for 2019: Revenue Procedure 2018-57.

Effective date: Jan 01, 2019