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Federal Estate Tax Exemptions

Do keep in mind that Vermont has an estate tax as well, and the current exemption amount is $2.75 million (2015), per person, with NO ‘portability’ as provided under the Federal tax law.

Year Gift Tax exemption Estate Tax Exemption
2005 $1 million $1.5 million
2006 $1 million $2 million
2007 $1 million $2 million
2008 $1 million $2 million
2009 $1 million $3.5 million
2010 $1 million Tax repealed
2011 $5 million $5 million
2012 $5.12 million $5.12 million
2013 $5.25 million $5.25 million
2014 $5.34 million $5.34 million
2015 $5.43 million $5.43 million
2016 $5.45 million $5.45 million