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According to the Economic Growth and Tax Relief Reconciliation Act of 2001, the applicable exclusion increased to $3,500,000 in 2009, and the estate tax was repealed for estates of decedents dying in 2010, but then the Act was to "sunset" in 2011 and the estate tax was to reappear with an applicable exclusion amount of only $1,000,000.
For 2024, the first $13.61 million of the estate of a single decedent is exempt from federal estate taxes, doubling to $28.22 million for married couples. Beyond those levels, the first $1 million ...
Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico. The figure includes all Individual federal taxes and Corporate Federal Taxes, income taxes, payroll taxes, estate taxes, gift taxes, and excise taxes.
The Pennsylvania Department of Revenue (DOR) is an agency of the U.S. state of Pennsylvania.The department is responsible for collecting all Pennsylvania taxes, including all corporate taxes and taxes on inheritance, personal income, sales and use, realty transfer, motor fuel, and all other state taxes.
The final bill goes beyond just an expensive funeral. Here's how end-of-life medical expenses, funeral costs, estate taxes and more add up in every state.
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