Estate Tax
In one sentence: A federal tax on the transfer of property at death, above an exemption.
What it means
The 2024 exemption is $13.61M per person. The TCJA exemption is scheduled to roughly halve after 2025 unless Congress extends it.
In one sentence: A federal tax on the transfer of property at death, above an exemption.
The 2024 exemption is $13.61M per person. The TCJA exemption is scheduled to roughly halve after 2025 unless Congress extends it.