Week 49 Day 4: The Federal Estate Tax: Why Most People Should Not Worry

The federal estate tax only applies to estates exceeding $13.61 million per individual ($27.22 million per married couple) in 2024. Fewer than 0.1% of American estates owe federal estate tax. If you a...

The federal estate tax only applies to estates exceeding $13.61 million per individual ($27.22 million per married couple) in 2024. Fewer than 0.1% of American estates owe federal estate tax. If you are not in that group, estate tax planning is irrelevant to you. Focus instead on the basics: will or trust, beneficiary designations, powers of attorney, and income tax planning for inherited retirement accounts.