Tax Facts

Approved by the American Council on Gift Annuities on Nov. 17, 2023 and reconfirmed on April 24, 2024. Rates effective as of Jan 1, 2024.
	Rate	Age	Rate
5-11	3.8	73	6.7
12-24	3.9	74	6.8
25-31	4.0	75	7.0
32-37	4.1	76	7.2
38-41	4.2	77	7.4
42-44	4.3	78	7.6
45-47	4.4	79	7.8
48-49	4.5	80	8.1
50-52	4.6	81	8.3
53	4.7	82	8.5
54-55	4.8	83	8.7
56-57	4.9	84	8.9
58	5.0	85	9.1
59	5.1	86	9.3
60	5.2	87	9.5
61	5.0	88	9.7
62-63	5.3	89	9.9
64	5.6	90+	10.1
65	5.7
66	5.8
67	5.9
68	6.1
69	6.2
70	6.3
71	6.4
72	6.6

1. The rates are for ages at the nearest birthday.
2. For immediate gift annuities, these rates will result in a charitable deduction of more than 10% if the annuitant is at least 50 years of age and the Charitable Midterm Federal Rate (CMFR) is 3.2% or higher, whatever the payment frequency. If the annuitant age is less than 50 and the CMFR is less than 3.2%, the deduction will be less than 10% when annuitants are below certain ages.
3. For deferred gift annuities with longer deferral periods, the rates may not pass the 10% test when the CMFR is low.
4. To avoid adverse tax consequences, the charity should reduce the gift annuity rate to whatever level is necessary to generate a charitable deduction in excess of 10%.
See Q 607 regarding charitable gift annuities.
Source: American Council on Gift Annuities (https://www.acga-web.org/current-gift-annuity-rates)

Tax Facts Premium Tools

Calculators

100+ calculators specifically designed to help you easily assist clients with specific planning situations and calculations.

Practice Guidance

Designed to help you discover new ways for which to build and maintain client relationships.

Concepts Illustrated

Specifically designed to help you easily assist clients with specific planning situations and calculations.

Tax Facts Archives

Access to the entire library of Tax Facts dating back to 2012 allowing you to look up the exact tax figures from prior years.

Tax Facts has the answers