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Home > CFP® Certification > Review Program > Study Tips > Selected Facts and Figures > Estate and Gift Tax

Estate and Gift Tax

Estate and Gift Tax 2008
Annual gift tax exclusions
Gifts to any person 12,000
Gifts to a US citizen spouse Unlimited
Gifts to a non US citizen spouse 128,000
 
Lifetime Gifts
Applicable exclusion amount 1,000,000
Applicable credit amount 345,800
 
Bequest at death
Applicable exclusion amount 2,000,000
Applicable credit amount 780,800
 
Top estate and gift tax rate 45%
Generation skipping transfer (GST) tax
Annual GST exclusion 12,000
Lifetime GST exemption amount 2,000,000
Flat GST tax rate 45%
 
Special use valuation limit 960,000
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Topic List for CFP® Certification Examination Copyright © 2005-2006, Certified Financial Planner Board of Standards, Inc. All rights reserved. Used with permission.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP (with flame logo)®, which it awards to individuals who successfully complete initial and ongoing requirements. “Keir Educational Resources is a Review Course Provider for the CFP® Certification Examination administered by Certified Financial Planner Board of Standards, Inc. CFP Board does not endorse any review course nor receive any financial remunerations from Review Course Providers.”