Global Tax Insights
2012 Federal Estate Tax ExemptionMarch 06, 2012
Did the tax exemption for federal estate tax increase?
Yes. The federal estate tax exemption has increased for 2012 to $5.12 million, up from $5 million in 2011.
The recent law passed at the end of 2010 set the federal estate tax exemption at $5 million for 2011 and 2012. An inflation adjustment increased this exemption to $5.12 million, rather than an act of Congress. The 2013 tax exemption is scheduled to change again in 2013.
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