What is the New Federal Estate Tax Exemption Amount in 2018? In 2018 the federal Estate Tax Exemption is 11.2 million for an individual or 22.4 million for a married couple. The federal estate tax exemption rate roughly doubled from 2017 when it was $5,490,000 per person and $10,980,000 for a married couple. The new 2018 Estate Tax Rate will be effective for the estate of decedents who passed away after December 31, 2017. 2018 Federal Estate Tax What is the Federal Estate Tax? The federal estate tax is a tax imposed by the IRS on property that is transferred from an estate after a decedents death. The Estate Tax is not imposed until that total value of an estate exceeds meets a certain threshold. That threshold is called the Federal Estate Tax Exemption Amount. Estates whose value exceeds the exemption amount are taxed at the federal estate tax rate of 40% in 2018. The total value an estate is found by taking the fair market value of the…
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