2011 Estate and Gift Tax Statistics

October 12, 2012

The IRS recently posted the Statistics of the Estate and Gift Tax for the past year. The top spreadsheet “shows income, deduction, and tax computation data, classified by taxability of estate tax return and size of estate. The bottom spreadsheet shows “data from a sample of returns filed during 2011, including information regarding total gifts, deductions, credits, and net tax amounts. The data are presented by tax status and size of total taxable gifts. Below is an excerpt from this spreadsheet showing the number and amount of total gifts and annual exclusions classified by tax status and size of taxable gift.” For a more detailed explanation, please visit Adam Reid blog about this the IRS releasing these tax statistics. I have provided a link below.

Table 1. Estate Tax Returns Filed in 2011,

by Tax Status and Size of Gross Estate

[Money amounts are in thousands of dollars.]

Tax status and size of gross estate

Gross estate for tax purposes

Number

Money Amount (in thousands)

All Returns

4,588

48,009,811

Under $3.5 million

601

1,427,959

$3.5 million < $5.0 million

990

4,129,975

$5.0 million < $10.0 million

2,110

13,874,974

$10.0 million < $20.0 million

563

7,531,234

$20.0 million or more

324

21,045,670

All Taxable Returns

1,480

19,832,684

Under $3.5 million

174

428,126

$3.5 million < $5.0 million

278

1,181,171

$5.0 million < $10.0 million

654

4,443,130

$10.0 million < $20.0 million

218

2,967,290

$20.0 million or more

156

10,812,968

All Nontaxable Returns

3,108

28,177,127

Under $3.5 million

427

999,833

$3.5 million < $5.0 million

712

2,948,804

$5.0 million < $10.0 million

1,456

9,431,844

$10.0 million < $20.0 million

345

4,563,945

$20.0 million or more

168

10,232,702

Gift Tax Returns Filed in 2011: Total Gifts of Donor, Deductions, Credits, and Net Tax on Current Period Gifts, by Tax Status and Size of Taxable Gifts

[All figures are estimates based on a sample–
money amounts are in whole dollars.]

Tax status and size of taxable gifts, current period

Total gifts

Total annual exclusions

Number

Amount

[in whole dollars]

Number

Amount
[in whole dollars]

All returns, taxable and nontaxable

219,544

50,949,668,470

209,107

9,289,355,706

78,475

5,846,235,587

78,026

3,688,130,146

Less than $2,500

10,251

785,823,777

8,315

371,842,290

$2,500 under $5,000

6,970

366,805,586

6,947

286,915,844

$5,000 under $10,000

8,324

635,855,597

7,618

360,724,363

$10,000 under $25,000

24,975

1,695,285,728

23,889

872,302,122

$25,000 under $50,000

18,940

1,737,947,570

17,516

707,042,300

$50,000 under $75,000

12,041

1,366,767,680

11,848

530,816,527

$75,000 under $100,000

9,432

1,224,191,247

9,241

282,976,395

$100,000 under $250,000

25,115

5,553,271,637

23,365

954,234,979

$250,000 under $500,000

12,780

5,426,118,527

11,496

529,835,653

$500,000 under $1 million

9,201

7,343,893,148

8,133

390,199,219

$1 million or more

3,040

18,967,472,386

2,712

314,335,867

Nontaxable returns

208,562

29,067,470,991

198,851

8,234,949,491

78,475

5,846,235,587

78,026

3,688,130,146

Less than $2,500

**16,264

**974,660,464

**14,374

**563,579,918

$2,500 under $5,000

$5,000 under $10,000

7,942

501,557,270

7,248

301,599,048

$10,000 under $25,000

24,011

1,510,128,793

22,981

792,085,547

$25,000 under $50,000

17,833

1,392,787,860

16,465

611,713,985

$50,000 under $75,000

11,327

1,203,627,397

11,144

467,461,200

$75,000 under $100,000

8,912

1,087,396,855

8,732

239,038,055

$100,000 under $250,000

23,522

4,935,192,366

21,976

821,925,013

$250,000 under $500,000

11,664

4,755,865,011

10,447

430,674,604

$500,000 under $1 million

8,177

6,386,592,900

7,157

299,823,572

$1 million or more

434

473,426,487

300

18,918,402

Taxable returns

10,982

21,882,197,479

10,256

1,054,406,215

Less than $2,500

**958

**177,968,900

**888

**95,178,217

$2,500 under $5,000

$5,000 under $10,000

382

134,298,327

371

59,125,315

$10,000 under $25,000

964

185,156,934

908

80,216,576

$25,000 under $50,000

1,107

345,159,711

1,051

95,328,316

$50,000 under $75,000

715

163,140,283

703

63,355,327

$75,000 under $100,000

520

136,794,391

509

43,938,340

$100,000 under $250,000

1,592

618,079,271

1,389

132,309,965

$250,000 under $500,000

1,115

670,253,516

1,049

99,161,048

$500,000 under $1 million

1,024

957,300,247

976

90,375,647

$1 million or more

2,606

18,494,045,898

2,412

295,417,465

See Adam D. Reid, IRS Release 2011 Tax Stats – Estate Tax and Gift Statistics, Arkansas Tax & Estate Planning Blog, Oct. 11, 2012.

Special thanks to Adam D. Reid (Tax and Estate Planning Practice Group, Barber Law Firm) for bringing this article to my attention.

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