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10 July, 12:57

When are estate taxes levied?

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  1. 10 July, 16:47
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    Rather, inheritance tax is imposed on the property passed to an heir. According to the Internal Revenue Service (IRS), as of 2016, estate tax is only applied to estates worth more than $5.45 million, and if the estate is passed to the spouse of the deceased person, no estate tax is assessed.

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