Ten Facts You Should Know About the Federal Estate Tax
October 30, 2017
October 30, 2017
WASHINGTON, Oct. 30 -- The Center on Budget & Policy Priorities issued the following news release:
The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the wealthiest estates pay the tax because it is levied only on the portion of an estate's value that exceeds a specified exemption level -- $5.49 million per person (effectively $10.98 million per married couple) in 2017.(2) The estate . . .
The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the wealthiest estates pay the tax because it is levied only on the portion of an estate's value that exceeds a specified exemption level -- $5.49 million per person (effectively $10.98 million per married couple) in 2017.(2) The estate . . .