Current federal estate tax rates put in place in 2017 by theTax Cuts and Jobs Act (TCJA)range from 18% to 40%. However, the estate tax exemption amount, currently $13.99 million per individual, is scheduled to
For the past decade or so, the lifetime exemption for the federal estate tax has been high enough that few people have needed to worry about estate tax at all. As of 2023, the unified exemption for gifts and estates is $12.92 million. Considering that taxpayers also have access to gifts ...
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