Page 314 - Small Business IRS Training Guides
P. 314
Summary
Main Points
Under TCJA, beginning in 2018, the exclusion amount for estate and gift taxes increased to $11.18 million, and continues
to be adjusted for inflation. For transfers made in 2019, the exclusion amount is $11.4 million. Once the exclusion is used,
the tax rate is 40 percent.
73233-102 11061-5 Tax Cuts and Jobs Act
