Estate Taxes

Estate Taxes

Estate taxes must be paid if you die in a year in which estate taxes are imposed and if your estate exceeds the applicable exclusion amount for that year (assuming no other factors).

Applicable exclusion amounts:

  • 2004 and 2005: $1.5 million
  • 2006 to 2008: $2 million
  • 2009: $3.5 million
  • 2010: Estate taxes are scheduled to be repealed
  • 2011: $1 million (estate taxes will be reinstated under the Sunset Provisions)

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