In any event, it’s likely to be far less than the number that would trigger any federal estate taxes. As such, your mom’s estate would not have any federal estate taxes to pay. When it comes to estate taxes, the giver of the gift may have taxes to pay, but as we mentioned, your mom didn’t have any federal estate taxes to pay. For 2022, the estate tax cutoff is $12.06 million. This means that if you die and your estate is valued at an amount lower than the $12.06 million limit, you owe no federal estate taxes at all.

Source: Washington Post July 04, 2022 20:44 UTC