Tax Law Changes for Gifts and Estates and Trusts | |
 | |
|
2007 Federal Tax Rates for Estates and Trusts Details of the federal estate and trust tax rates. Annual Exclusion for Gifts for 2007 Changes to taxable amounts for gifts. Increased Estate Tax Applicable Exclusion Amount Applicable exclusion amounts for estate tax returns. Limit on Contributions to Funeral Trusts Special rules for contracts entered into during calendar year 2007 for qualified funeral trusts. Reduction of Maximum Estate and Gift Tax Rate Maximum tax rate change for estate and gift tax. Valuation of Qualified Real Property in Decedent's Gross Estate Certain rules apply for the special use valuation method. |
|
Page Last Reviewed or Updated: November 12, 2008