9 Things You Need to Know About the Republican Tax Overhaul
5. Estate tax threshold increased
The bill also shields families with larger inheritances from having to pay an estate tax, "a tax on your right to transfer property at your death."
According to NBC News, the threshold to pay an estate tax after a loved one dies is just over $11 million for individuals and over $22 million for married couples.
Previously, the exemption cap was set at $5.5 million for individuals.
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