Posted on Apr 14, 2022
Don’t Throw Away a $12.06M Estate Tax Exemption by Accident | Kiplinger
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Kiplinger story on an exemption for estate tax that some families overlook
Don’t Throw Away a $12.06M Estate Tax Exemption by Accident | Kiplinger
Posted from kiplinger.com
Money
Death
Family
Posted >1 y ago
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Rich people problems. I see the point, don't waste the federal deduction when one of the two spouses die. It just doesn't apply to many folks.
However, you may live in a state that has estate or inheritance taxes at a lower net worth.
https://taxfoundation.org/state-estate-tax-state-inheritance-tax-2020/
However, you may live in a state that has estate or inheritance taxes at a lower net worth.
https://taxfoundation.org/state-estate-tax-state-inheritance-tax-2020/
Does Your State Have an Estate or Inheritance Tax?
In addition to the federal estate tax, with a top rate of 40 percent, some states levy an additional estate or inheritance tax.
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