Tag Archives: step up in basis

An Explanation of the Current Status of the Federal Estate Tax

By Sabrina Winters

In 2009 the Federal Estate Tax Exclusion was $3.5 million.  In 2010 there is no Federal Estate Exclusion. What does this mean?  It doesn’t matter how large your estate is, there  will be no federal estate tax (often referred to as the death tax) if you die in 2010. In 2009 there was a step [...]

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