You are here: Home FAQ FAQ Understanding Estate Taxes 2. Who has to pay estate taxes?

2. Who has to pay estate taxes?

Your estate will have to pay federal estate taxes if its net value when you die is more than the exempt amount set by Congress at that time. In 2019, the federal exemption is $11.4 million and the highest estate tax rate is 40%.  Some states have their own death or inheritance tax, so your estate could be exempt from federal tax and still have to pay state tax.

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