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Under the Tax Cuts and Jobs Act of 2017, the federal estate tax exemptionA tax exemption excludes certain income, revenue, or even taxpayers from tax altogether. For example, nonprofits that fulfill certain requirements are granted tax-exempt status by the Internal Revenue Service ( IRS ), preventing them from having to pay income tax. More @Wikipedia
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- States With Inheritance Or Estate Taxes (2024 Guide) - ForbesWhen a death occurs, sometimes taxes must be paid on the assets the deceased left behind or transferred to heirs. These taxes are called estate taxes or inheritance taxes. This guide explains...
- Estate Taxes: Who Pays? And How Much? - InvestopediaOur guide to estate taxes includes U.S. federal, state, and inheritance tax rules. Learn how to calculate the inheritance and estate taxes in your jurisdiction.
- Estate tax in the United States - WikipediaThe estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life. In addition to the federal government, 12 states tax the estate of the deceased.
- Estate tax - Internal Revenue ServiceGet information on how the estate tax may apply to your taxable estate at your death.
- What Are Estate Taxes? – Forbes AdvisorWhat Is Estate Tax? The estate tax is a tax on the assets held by an individual at the time of their death.
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