| Tax Rate | Single Filers | Married Filing Jointly | Married Filing Separately | Head of Household |
|---|---|---|---|---|
| 10% | $0 to $11,925 | $0 to $23,850 | Up to $11,925 | $0 to $17,000 |
| 12% | $11,926 to $48,475 | $23,851 to $96,950 | $11,926 - 48,475 | $17,001 to $64,850 |
| 22% | $48,476 to $103,350 | $96,951 to $206,700 | $48,476- 103,350 | $64,851 to $103,350 |
| 24% | $103,351 to $197,300 | $206,701 to $394,600 | $103,351 - 197,300 | $103,351 to $197,300 |
| 32% | $197,301 to $250,525 | $394,601 to $501,050 | $197,301 - 250,525 | $197,301 to $250,500 |
| 35% | $250,526 to $626,350 | $501,051 to $751,600 | $250,526 - 375,800 | $250,501 to $626,350 |
| 37% | $626,351 or more | $751,601 or more | $375,801 or more | $626,351 or more |
| Year of Death | Estate Tax Exemption | Maximum Rate on Estate Greater Than Exemption |
|---|---|---|
| 2024 | $13,610,000 | 40% |
| 2025 | $13,990,000 | 40% |
| Year Gift Made | Excluded Amount From Tax |
|---|---|
| 2025 | $19,000 |
| Year of Transfer | Excluded Amount From Tax |
|---|---|
| 2024 | $13,610,000 |
| 2025 | $13,990,000 |
| Type of Gift | Exemption |
|---|---|
| Annual Exclusion Gifts to Persons Other Than Spouse | $19,000 |
| Annual Gifts to Citizen Spouse | Unlimited |
| Annual Gifts to Non-Citizen Spouse | $190,000 |
| Tax Bracket* | Maximum Tax Rate** |
|---|---|
| 22% - 35% | 15% |
| 37% | 20% |
* Tax bracket is used for general guidance, but your specific income level will determine the maximum long-term capital gains rate.
** A 3.8% Medicare Surtax may apply to certain income thresholds with net investment income.
Therrel Baisden, LLP has served families and their closely held businesses since 1925. If you want greater legal protection to safeguard your future, call us to schedule an appointment. We are conveniently located at the SunTrust International Center in downtown Miami.
