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Does Your State Have an Estate or Inheritance Tax?

April 18, 2018 My Federal Retirement

In addition to the federal estate tax of 40 percent, some states impose an additional estate or inheritance tax. Twelve states and the District of Columbia impose an estate tax while six states have an inheritance tax. Maryland is the only state in the country to impose both.

Recently, states have moved away from these taxes or raised the exemption levels.

Estate Taxes

Read more from the recent report from the Tax Foundation.

Related:

  • NARFE's State-By-State Income Tax Treatment Report
  • How to Leave Your Heirs an Inheritance, Not a Tax Bill

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