2024 Form 709, Instructions for Part 2, line 7

[rick5280]

I am trying to determine where the dollar amount of $5,389,800 comes from in the instructions for Line 7 of Part II of Form 709.  Thanks in advance. 

[M-MTax]

It's the basic credit amount.

 

Table of Basic Exclusion and Credit Amounts

(as Recalculated for 2024 Rates)

Period	Exclusion Amounts	Credit Amounts
1977 (Quarters 1 & 2)	$30,000	$6,000
1977 (Quarters 3 & 4)	$120,667	$30,000
1978	$134,000	$34,000
1979	$147,333	$38,000
1980	$161,563	$42,500
1981	$175,625	$47,000
1982	$225,000	$62,800
1983	$275,000	$79,300
1984	$325,000	$96,300
1985	$400,000	$121,800
1986	$500,000	$155,800
1987 through 1997	$600,000	$192,800
1998	$625,000	$202,050
1999	$650,000	$211,300
2000 and 2001	$675,000	$220,550
2002 through 2010	$1,000,000	$345,800
2011	$5,000,000	$1,945,800
2012	$5,120,000	$1,993,800
2013	$5,250,000	$2,045,800
2014	$5,340,000	$2,081,800
2015	$5,430,000	$2,117,800
2016	$5,450,000	$2,125,800
2017	$5,490,000	$2,141,800
2018	$11,180,000	$4,417,800
2019	$11,400,000	$4,505,800
2020	$11,580,000	$4,577,800
2021	$11,700,000	$4,625,800
2022	$12,060,000	$4,769,800
2023	$12,920,000	$5,113,800
2024	$13,610,000	$5,389,800

https://www.irs.gov/instructions/i709#en_US_2024_publink1000292380

[rick5280]

Thank you for this info.

Rick