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3. 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 estate and gift taxexemption is $11.4 million and the 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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