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Frequently Asked Questions

What is the current estate tax limit, rate, and exemption?

The first is the federal estate tax exemption. Since 2018, estates are only taxed once they exceed $11.7 million for individuals; $23.4 million for married couples, at a top rate of 40% . (The value of a primary home is exempted up to $250,000 for individuals and $500,000 for married couples.)

Will I have to pay a North Carolina inheritance tax?

North Carolina does not collect an inheritance tax or an estate tax. However, state residents should remember to take into account the federal estate tax if their estate or the estate they are inheriting is worth more than $11.18 million. Even if you are a resident of North Carolina, if you inherit property from another state, that state may have an estate tax that applies.

What is the inheritance tax in NC?

The inheritance tax rate in North Carolina is 16 percent at the most, according to Nolo. A surviving spouse is the only person exempt from paying this tax.


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