Planning for Life

Should There Be a Tax on Just 2,000 Estates Each Year?

Posted by Harry S. Margolis on January 28, 2020

By Harry S. Margolis

federal-estate-tax-attorney-Wellesley-MA

With the current federal estate tax threshold set at $11.58 million (over $23 million for a married couple) in 2020, fewer than 2,000 estates are expected to pay any tax this year. That's out of more than 2.8 million deaths, or approximately 0.07% of all estates. (The threshold for Massachusetts estates is $1 million.)

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Topics: Estate Planning, estate taxes, tax law

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