Tennessee and Federal Estate Tax Exemptions Raised Today for 2015.

Posted on Jan 1 2015 11:13AM by Attorney, Jason A. Lee

Today the Tennessee Inheritance Tax exemption (for 2015) is raised to $5,000,000.00.  Next year the Tennessee Inheritance Tax will be abolished.  Starting January 1, 2016 (for those who die on or after that date) there will no longer be any Tennessee Inheritance Tax obligations.  The Federal Estate Tax exemption (for 2015) was raised to $5,430,000.00 today.  It is indexed to inflation and should go up each year.  As a result, these taxes rarely come into play when dealing with estate planning in Tennessee unless you have a very large estate.  Happy New Year!

Follow me on Twitter @jasonalee for updates from the Tennessee Wills and Estates Blog.

TAGS: Tennessee Inheritance Tax, Taxes
There are currently no comments associated with this article.
Post a Comment / Question
Email Address:
Email a Friend
Email this entry to:
Your email address:

Jason A. Lee is a Member of Burrow Lee, PLLC. Contact Jason at 615-540-1004 or jlee@burrowlee.com for an initial consultation on wills estate planning and probate issues.

Enter keywords:
Subscribe   RSS Feed
Add this blog to your feeds or subscribe by email using the form below
Copyright © 2018, Jason A. Lee. All Rights Reserved
Tennessee Wills and Estates Blog
Jason A. Lee, Member of Burrow Lee, PLLC
611 Commerce Street, Suite 2603
Nashville, TN 37203
Phone: 615-540-1004
E-mail: jlee@burrowlee.com