Do you have to pay estate tax when you die?
If you die with a gross estate under $11.4 million in 2019, no estate tax is due. If your gross estate is over $11.4 million, you pay a tax on the overage. In general, the tax rate is between 18% and 40%, but it gets to 40% pretty quickly. The large exemption amount is due to the recent changes in the tax laws that took effect in 2018.
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