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2022. $12,060,000. 2023. $12,920,000. 2024. $13,610,000. Beginning January 1, 2011, estates of decedents survived by a spouse may elect to pass any of the decedent's unused exemption to the surviving spouse. This election is made on a timely filed estate tax return for the decedent with a surviving spouse.
Mar 8, 2024 · The federal estate tax generally applies to assets over $13.61 million in 2024, and the estate tax rate ranges from 18% to 40%. Some states also have estate taxes, and they might...
Nov 26, 2023 · However, a federal estate tax applies to estates larger than $12.92 million in 2023 and larger than $13.61 million in 2024. The tax is assessed only on the portion of an estate that exceeds...
Jul 7, 2023 · Key findings. A federal estate tax ranging from 18% to 40% applies to all estates worth more than $12.92 million. 17 states and Washington, D.C., have estate or inheritance taxes. Maryland...
Dec 18, 2023 · Overall, inheritance tax rates vary based on the beneficiary’s relationship to the deceased person. Spouses are automatically exempt from inheritance taxes. That means that if your husband or wife passes away and leaves you a condo , you won’t have to pay an inheritance tax at all even if the property is located in one of the states ...
