The IRS has increased the exemption for the estate tax from $5.34 million to $5.43 million, a move that is meant to account for inflation, according to the Wall Street Journal. Since married couples can combine exemptions, this means that their total exemption is about $11 million, said the Journal. With this new theshold, it is estimated that about 3,700 estates are expected to pay this tax, said the Journal.
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