Keyword Analysis & Research: estate tax rates 2021

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What is the tax rate on a federal estate?

The federal estate tax rate is a flat 40%, but as mentioned above, not every family has to pay. For one thing, as long as your spouse is a citizen, you can leave him or her any amount of property, tax free.

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.)

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