estate tax exclusion

The federal estate tax applies to asset transfers when someone passes away and leaves assets to beneficiaries.  The tax rate starts at an attention-getting 40 percent. That’s the bad news.  The good news is that an exclusion allows you to transfer an amount tax-free. The portion of an estate that exceeds the exclusion is what would be subject to taxation. There are annual estate tax adjustments to account for inflation, and we are going to share the 2021 number in this post. But before we … [Read more...] about 2021 Estate Tax Exclusion Update