Tax Form 706gst-instructions Fill in and Calculate Online

Form 706gst-instructions: Instructions for Form 706-GS(T)

Use Tax Form 706gst-instructions: Instructions for Form 706-GS(T) as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 tax return. Form 706gst-instructions: Instructions for Form 706-GS(T) is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Instructions for Form 706-GS(T)
Year of Transfer			GST exemption
1999			$1010000
2000			$1030000
2001			$1060000
2002			$1100000
2003			$1120000
2004 and 2005			$1500000
2006, 2007, and 2008			$2000000
2009			$3500000
2010 and 2011			$5000000
2012			$5120000
2013			$5250000
2014			$5340000
2015			$5430000
2016			$5450000
Table of Maximum Tax Rates
If the generation-skipping transfer occurred			The maximum tax rate is
After December 31, 2002, but before January 1, 2004			49%
After December 31, 2003, but before January 1, 2005			48%
After December 31, 2004, but before January 1, 2006			47%
After December 31, 2005, but before January 1, 2007			46%
After December 31, 2006, but before January 1, 2010			45%
After December 31, 2009, but before January 1, 2011			0%
After December 31, 2010, but before January 1, 2013			35%
After December 31, 2012			40%
Form	Recordkeeping	Learning about the law or the form		Preparing the form	Copying, assembling, and sending the form to the IRS
706-GS(T)	39 min.	32 min.		32 min.	20 min.
Schedule A	13 min.	13 min.		37 min.	20 min.
Schedule B	13 min.	9 min.		19 min.	20 min.

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