Skip to main content
Skip to main content

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Charts of Note logo

Most farm estates exempt from Federal estate tax

  • by Ron Durst
  • 2/13/2013
  • Farm Economy
  • Federal Tax Issues
  • Farm Sector Income & Finances
  • Farm Household Well-being
A chart showing the share of farm operator estates with returns abd taxes in 2013.

Download chart image

As a result of the American Taxpayer Relief Act of 2012, the current amount that can be transferred to the next generation free of Federal estate tax is $5.25 million ($10.50 million for a married couple). Based on simulations using farm-level survey data from the 2011 Agricultural Resource Management Survey (ARMS), only about 1.5 percent of farm estates would be required to file an estate tax return, and only about half of these estates or 0.7 percent would owe any Federal estate tax. This chart updates information found in the Federal Tax Issues topic page on the ERS website.

Get Charts of Note delivered!

Subscribe

See our Privacy Policy.