Federal Estate Tax Exemption for 2021
The Federal Estate Tax Exemption for 2021 is $11,700,000.00, an increase of $120,000.00 from 2020. If the Decedent’s taxable estate exceeds this amount, the excess will be taxed at a flat rate of 40%. The exemption for married couples can total $23,400,000.00 because of the “portability” option which can be used at the first death […]
