Federal Estate Taxes
In This Chapter
Note: If your estate is much less than $5,450,000, you can skip this chapter.
So many taxes, and here is the first of them: the federal tax levied on your estate. I know what you’re probably thinking: Isn’t dying bad enough without being hit with a new slew of taxes— in absentia, of course? I couldn’t agree with you more. But for now, that’s the law of the land, and so here they are—estate taxes spelled out.
The Federal Estate Tax: $5,450,000 Estates
First, you ...