Estate Tax Quiz: Can You Pass the Test on the 40% Federal Rate?
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From $107.88 $24.99Subscribe to KiplingerWhat's your estate tax IQ? Find out with this 2026 quiz for estate tax exemption amounts and federal tax rates. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Estate tax planning may be key for many retirees, yet it's anything but easy. Between the complexities of federal estate rules and the patchwork of states imposing their own inheritance and estate taxes, the colloquially named "death tax" continues to haunt wealth transfer strategies to this day.But if you can master the IRS rules governing estate taxes, you may find powerful ways to save more money for your heirs. Use this quiz to test your knowledge of 2026 federal estate tax rules, with a bonus question at the end on estate taxes for states.(Remember, always consult with a qualified tax professional or estate attorney when making final planning decisions.)Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special IssuesProfit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.Profit and prosper with the best of expert advice - straight to your e-mail.Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
State Tax Will higher income taxes drive the wealthy to flee New York in 2026? The November CPI report came in lighter than expected, but the delayed data give an incomplete picture of inflation, say economists. As interest rates trend down, online banks keep an edge on yields, but service, access and flexibility still matter. Here’s how the trade-offs stack up.
State Tax Will higher income taxes drive the wealthy to flee New York in 2026? A donor-advised fund is a simple (really!), tax-smart strategy that lets you contribute a large, tax-deductible gift now and then distribute grants over time. When your 10-year Non-Habitual Resident tax break ends, you could see your tax rate soar. Take steps to plan for this change well before the NHR window closes.
Tax Deductions It's no secret that the IRS is coming after your gambling winnings in 2026. But how long will that last?
Tax Policy The potential consequences of eliminating taxes in favor of Trump tariffs could impact everything from inflation to Social Security and might give some U.S. taxpayers pause. Changing tax rules and falling interest rates mean financial planning is more important than ever as 2025 ends. There's still time to make these five key moves. Roth conversions and other Roth strategies can be complex, but don't dismiss these tax planning tools outright. They could really work for you and your heirs. Most people can gift large sums without paying tax or filing a return, especially by structuring gifts across two tax years or splitting gifts with a spouse. Kiplinger is part of Future US Inc, an international media group and leading digital publisher. Visit our corporate site. © Future US, Inc. Full 7th Floor, 130 West 42nd Street, New York, NY 10036.