Estate taxes affect statistically zero people. Most f estate tax returns are filed to establish that the estate owes no taxes. About 5000 estate tax returns are filed for people who die in a given year, of which less than half will have even a dollar of tax liability—less than 0.1% of the people expected to die.
The Tax Cuts and Jobs Act doubled the exemption to $11.18 million in 2018 , but the increase in exempted income is scheduled to expire 2025, and will go back to around $6 million. Then less than 0.2% of estates will have any estate tax liability.
Estate taxes affect statistically zero people. Most f estate tax returns are filed to establish that the estate owes no taxes. About 5000 estate tax returns are filed for people who die in a given year, of which less than half will have even a dollar of tax liability—less than 0.1% of the people expected to die.
The Tax Cuts and Jobs Act doubled the exemption to $11.18 million in 2018 , but the increase in exempted income is scheduled to expire 2025, and will go back to around $6 million. Then less than 0.2% of estates will have any estate tax liability.