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  2. Estate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Estate_tax_in_the_United...

    The term "death tax" more directly refers back to the original use of "death duties" to address the fact that death itself triggers the tax or the transfer of assets on which the tax is assessed. While the use of terms like "death duty" had been known earlier, specifically calling estate tax the "death tax" was a move that entered mainstream ...

  3. Estate Tax vs. Inheritance Tax: What’s the Difference? - AOL

    www.aol.com/estate-tax-vs-inheritance-tax...

    Paying estate taxes: In the United States, the federal estate tax only applies to estates exceeding a certain value, which as of 2024, is $13.6 million. Simply put, if your estate is worth less ...

  4. New Tax Worry for the Rich: 4 Possible ‘Estate Tax’ Changes ...

    www.aol.com/tax-worry-rich-4-possible-180050221.html

    The TCJA introduced a federal lifetime estate and gift tax exemption of up to $13.61 million for single taxpayers in 2024 ($27.22 million for joint filers). This was more than double the previous ...

  5. List of countries by inheritance tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    This is the list of countries by inheritance tax rates. Inheritance tax or estate tax is the tax levied upon the wealth of a person at the time of their death before it is passed on to their heirs. [1] [2] [3]

  6. What Is the Death Tax? - AOL

    www.aol.com/news/death-tax-010007294.html

    You pay taxes all your life -- but does another tax bill come due when you die? The U.S. has two kinds of so-called death taxes: the estate tax, which is levied by the federal government and ...

  7. Stepped-up basis - Wikipedia

    en.wikipedia.org/wiki/Stepped-up_basis

    The primary purpose for the stepped-up basis rule under IRC § 1014 is so that, for estates without exemptions to the federal government's estate tax on transfers of wealth at death, the estate's assets are taxed only by estate taxes and not also on the capital gains during the decedent's lifetime.

  8. States With Inheritance Tax - AOL

    www.aol.com/states-inheritance-tax-130000515.html

    States With Estate Tax. State. Tax Rates. Exemption Limit. Due Date. Connecticut. 7.2% to 12%. $2.6 million. 9 months after the date of the decedent’s death

  9. Inheritance tax - Wikipedia

    en.wikipedia.org/wiki/Inheritance_tax

    Australia: Abolished the federal estate tax in 1979, [46] and Australian State inheritance taxes (called death duties) were abolished between 1978 and 1982. In 1985, capital gains tax was introduced to tax capital gains on disposal of all assets. But as death is not treated as a disposal, it is only if and when assets are sold after death that ...