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🪦 When dealing with death in the United States, several types of taxes might be involved. These can be complex and vary based on the value of the estate and the state in which the deceased person resided. 1. Estate Tax: Federal Estate Tax: This is a tax on the right to transfer property at death. It’s paid by the deceased person’s estate before assets are distributed to heirs. The federal estate tax rate ranges from 18% to 40%, depending on the value exceeding the exemption. State Estate Tax: S
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