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Message: <blockquote data-quote="Allen" data-source="post: 432421" data-attributes="member: 389"><p>Just so we're clear on inheritance, or estate taxes.  There is no such animal until you hit an estate value of $13.61 million for a single person who passes away.</p><p></p><p>The exemption is $27.22 million for a married couple.</p><p></p><p>For the record, not many of us will ever pay a dime in estate/inheritance tax to the federal government.  However, if you do have to pay estate taxes on an estate above the respective limits, it starts at 18% for the first dollar above the exemption and reaches 40% once you have an estate worth $1 million above the exempted amount.</p></blockquote><p></p>

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