1. Money
Send to a Friend via Email

Exemption From Federal Estate Taxes: 1916 - 1997

Table Showing Federal Estate Tax Exemption and Rate: 1916 - 1997

By

The federal estate tax has been around in some shape or form since 1916. The table below shows the historical estate tax exemptions and top estate tax rates from 1916 through 1997.

To view the estate tax exemptions and top estate tax rates from 1997 through the present and what current law provides for future years, please refer to the following: Table Showing Federal Estate Tax Exemption and Rate: 1997 - 2013.

For an overview of current federal estate tax laws and predictions about what will happen in the future, refer to the following:

Overview of 2011 and 2012 Estate Tax Laws
What is the Future of the Federal Estate Tax?

And aside from federal estate taxes, do not overlook state estate taxes and state inheritance taxes since quite a few states currently collect either or both of these taxes at the state level:

State Estate Tax Chart
State Inheritance Tax Chart

NOTE: The information contained in this table is derived from the IRS publication The Estate Tax: Ninety Years and Counting, by Darien B. Jacobson, Brian G. Raub, and Barry W. Johnson.

Historical Federal Estate Tax Exemptions and Rates: 1916 - 1997

Year Estate Tax Exemption Top Estate Tax Rate
1916 $50,000 10%
1917 - 1923 $50,000 25%
1924 - 1925 $50,000 40%
1926 - 1931 $100,000 20%
1932 - 1933 $50,000 45%
1934 $50,000 60%
1935 - 1940 $40,000 70%
1941 $40,000 77%
1942 - 1976 $60,000 77%
1977 $120,000 70%
1978 $134,000 70%
1979 $147,000 70%
1980 $161,000 70%
1981 $175,000 70%
1982 $225,000 65%
1983 $275,000 60%
1984 $325,000 55%
1985 $400,000 55%
1986 $500,000 55%
1987 - 1997 $600,000 55%

©2014 About.com. All rights reserved.