Assertion: estate | /r/HasProperty | exempt
Facets:
value: from tax
type: OTHER
value: from estate taxes
type: OTHER
value: from taxation of this sort
type: OTHER
value: entirely
type: DEGREE
Source sentences:
text: That is, had no further legislation been passed, the estate of a person who died in the year 2010 would have been entirely exempt from tax while that of a person who died in the year 2011 or later would have been taxed as heavily as in 2001.
text: Some states have their own death or inheritance tax, so your estate could be exempt from federal tax and still have to pay state tax.
text: Also, if an estate is valued at less than the amount specified by law at the time of death, the estate is exempt from taxation of this sort.
text: However, even if the estate is exempt from estate taxes, you still must file the deceased’s final federal income tax return.