Submitted By: Walter
Answered: September 3, 2013 8:30 am

Have the estate tax laws changed for 2013?

While the fundamental rules are the same for estates of those who died in 2012 and those who die this year, some of the important numbers are different. For example, the exemption amount (the value of property that can be transferred free of estate tax) in 2013 is $5.25 million; it was $5.12 million in 2012.

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Tax Glossary

Roth IRA

A nondeductible contributory IRA that allows for tax-free accumulation of income. Qualifying distributions are completely tax free.

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