The Internal Revenue Service announced October 30th, 2014, that the 2015 estate-tax exemption will rise to $5.43 million per individual from $5.34 million this year, due to an inflation adjustment. Married couples can get the benefit of two individual exemptions, so the total exemption per couple will be nearly $11 million. Only about 3,700 estates, or 0.12% of the total, are expected to owe federal estate tax this year. The top estate tax rate on amounts above the exemption is 40%.
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