Yes, there is a federal estate tax. It ranges from 18% to 40%, depending on how much of the estate is over $13.61 million, which is the current exclusion limit.

The federal estate tax affects only about 0.1% of Americans. However, the repeal of that tax could affect all of us. This article addresses what you should know as Congress considers pending ...

The federal estate tax doesn’t apply unless you hit a certain exemption amount. The exemption amount for people who pass away in 2025 is $13.99 million (up from $13.6 million last year).

New York, for example, will increase its estate tax exclusion to $7.16 million in 2025. Federal estate tax updates in 2025. Connecticut’s exemption will rise to $13.99 million, mirroring the ...

FIRST ON FOX: Republican lawmakers are mounting a massive effort to repeal the federal inheritance tax, colloquially known as the "death tax." Rep. Randy Feenstra, R-Iowa, is leading more than 170 ...

In 2022, for example, only 8,130 federal estate tax returns were filed. Out of the millions of returns each year, that's a small number but it is up 32%, from 6,158 in 2021.

The exemption eliminates federal estate taxes on amounts up to the threshold of $13.61 million (currently) either (1) gifted to family members during your lifetime or (2) bequeathed to someone ...

There is a federal estate tax, however, which is paid by the estate of the deceased. In 2025, the first $13.99 million of an estate is exempt from the estate tax.

It is likely that when we get to that sunset, the federal estate and gift tax exemptions may be reduced by 50% or more — from as much as $14 million or more to less than $7 million.

But there’s a big catch: The federal estate tax applies only if the taxable estate exceeds $13.99 million. Anything under that threshold can typically pass to heirs tax-free at the federal level.