Federal Estate Tax

Learn about federal estate tax rules, exemptions, and how it affects estate planning. Discover key information to help understand your estate's potential tax...

What is the federal estate tax exemption for 2024?

The federal estate tax exemption for 2024 is $13.61 million per person, meaning estates valued below this amount are not subject to federal estate tax. This exemption is adjusted annually for inflation and allows married couples to combine their exemptions for a total of $27.22 million. Estates exceeding these thresholds may be subject to federal estate tax rates up to 40%.

Why Iowa Doesn’t Have an Estate Tax
State

Why Iowa Doesn’t Have an Estate Tax

Read about the history of the Iowa estate tax and the reasons behind the state choosing to eliminate its estate tax.
SimplyTrustSimplyTrust EditorialOctober 21, 2025
Illinois Estate Tax: What It Is and How We Got Here
State

Illinois Estate Tax: What It Is and How We Got Here

Read about the Illinois estate tax, its history, key rules for residents and property owners, and what it means in practice.
SimplyTrustSimplyTrust EditorialOctober 16, 2025
Understanding the Hawaii Estate Tax: A Guide
State

Understanding the Hawaii Estate Tax: A Guide

Understanding the Hawaii estate tax, including why the state has an estate tax and how the tax fits in with federal tax rules.
SimplyTrustSimplyTrust EditorialOctober 14, 2025
Why There’s No Estate Tax in Nevada
State

Why There’s No Estate Tax in Nevada

Discover why there’s no estate tax in Nevada, which is one of the reasons that it’s an attractive state for estate planning.
SimplyTrustSimplyTrust EditorialOctober 13, 2025
Washington Estate Tax: How We Got Here and Who Pays
State

Washington Estate Tax: How We Got Here and Who Pays

Navigating the Washington estate tax requires understanding specific exemptions and rates, essential for effective estate planning.
SimplyTrustSimplyTrust EditorialOctober 10, 2025
Vermont Estate Tax: What It Is and Who Pays
State

Vermont Estate Tax: What It Is and Who Pays

Learn about the Vermont estate tax landscape, including why the tax exists and important deadlines and practical steps for residents on property owners.
SimplyTrustSimplyTrust EditorialOctober 8, 2025
A Rundown of the Rhode Island Estate Tax
State

A Rundown of the Rhode Island Estate Tax

Understand the Rhode Island estate tax, exemptions, and what it all means for residents and property owners in the state.
SimplyTrustSimplyTrust EditorialOctober 7, 2025
A Short History of Estate Tax in South Carolina
State

A Short History of Estate Tax in South Carolina

Explore the ins and outs of estate tax in South Carolina, focusing on federal implications since the state levy does not exist.
SimplyTrustSimplyTrust EditorialOctober 3, 2025
Oregon Estate Tax: The Why and What of It
State

Oregon Estate Tax: The Why and What of It

Learn about the Oregon estate tax, it’s history, why it still exists, and what it’s presence means for residents or property owners.
SimplyTrustSimplyTrust EditorialOctober 2, 2025
New York Estate Tax and How the “Cliff” Works
State

New York Estate Tax and How the “Cliff” Works

Learn about New York’s estate tax, why it exists, and how to manage the “cliff” effect for better estate planning.
SimplyTrustSimplyTrust EditorialOctober 1, 2025
A Rundown of the District of Columbia Estate Tax
State

A Rundown of the District of Columbia Estate Tax

Navigate the District of Columbia estate tax landscape by understanding why it’s there, who has to pay it and its thresholds.
SimplyTrustSimplyTrust EditorialSeptember 30, 2025