Question

what is the federal estate tax rate for 2019?

Answer 1

According to the requirement of the question, we have e to answer the federal estate tax rate for 2019.

First of all, we have to discuss the meaning of ESTATE TAX.

In simple words, Estate tax is a tax on the transfer of Property after the death. It generally applies on the person's assets whose value exceeds $11.4 million in 2019 at the time of death.

The Federal Estate Tax Rate can be up to 40%.

There are some other rates, we can discuss below:

Tax Rate	Taxable Amount	Tax Owed
18%	$0 to $10,000	18% of Taxable amount
20%	$10,001 to $20,000	$1,800 plus 20% of the amount over $10,000
22%	$20,001 to $40,000	$3,800 plus 22% of the amount over $20,000
24%	$40,001 to $60,000	$8,200 plus 24% of the amount over $40,000
26%	$60,001 to $80,000	$13,000 plus 26% of the amount over $60,000
28%	$80,001 to $100,000	$18,200 plus 28% of the amount over $80,000
30%	$100,001 to $150,000	$23,800 plus 30% of the amount over $100,000
32%	$150,001 to $250,000	$38,800 plus 32% of the amount over $150,000
34%	$250,001 to $500,000	$70,800 plus 34% of the amount over $250,000
37%	$500,001 to $750,000	$155,800 plus 37% of the amount over $500,000
39%	$750,001 to $1,000,000	$248,300 plus 39% of the amount over $750,000
40%	$1,000,001 and above	$345,800 plus 40% of the amount over$1,000,000

It Can be up to 40% only.

Thank you.