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  • www.ers.usda.gov

4/16/2021


Less than 1% of farm estates created in 2020 will owe estate tax

researchers from USDA (ERS) estimated that about 31,000 principal farm operators died in 2020. Of those estates, an estimated 189 (0.6%) will be required to file an estate tax return—and only 50 (0.16%) will owe federal estate tax. total federal estate tax liabilities from farm estates owing taxes were forecasted to be $130.2 million in 2020 from a total estimated estateValue of $56.3 billion.