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If an individual passed away and left an estate worth 1.2 million what percentage of the assets would be subject to an estate tax under current law?
Wiki User
∙ 7y ago
Under current 2021 federal estate tax laws, estates worth over $11.7 million for individuals would be subject to estate taxes. Since the estate in question is valued at $1.2 million, it falls below the threshold and would not be subject to estate taxes.
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