Understanding Federal and State Inheritance Tax Thresholds Before implementing strategies for how to minimize inheritance tax, it’s crucial to understand the current tax landscape. The federal estate tax exemption stands at $13.61…
Tag: Estate tax planning
How to Plan for Estate Taxes and Protect Your Wealth
Understanding Federal and State Estate Tax Thresholds Effective estate tax planning begins with understanding the current tax landscape. For 2024, the federal estate tax exemption stands at $13.61 million per individual ($27.22…