Inheritance Tax Implications 2024

Inheritance Tax Implications 2024. Pensions will be subject to inheritance tax (iht). Capital gains tax may apply if you dispose of an asset.


Inheritance Tax Implications 2024

Federal tax rates range between 18% and 40%, depending on the amount above the $12.92 million threshold, or exemption amount, per person in 2023 or $13.61 million in 2024. However, the amount that’s taxable will be lowered for anyone.

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