2014 Federal Estate Tax Levels
At death, a surviving spouse’s estate will owe estate taxes on the net value that exceeds the annual exemption:
| Year | Exempt from Tax | Estate-Tax Rate |
|---|---|---|
| 2014 | $5,340,000 per person with portability | Top rate of 40% |
At death, a surviving spouse’s estate will owe estate taxes on the net value that exceeds the annual exemption:
| Year | Exempt from Tax | Estate-Tax Rate |
|---|---|---|
| 2014 | $5,340,000 per person with portability | Top rate of 40% |