Where Not To Die In 2016
Washington Exemption amount: $2,079,000* Top tax rate: 20% *Indexed for inflation annually.
Oregon Exemption amount: $1 million Top tax rate: 16%
Nebraska Exemption amount: $10,000 Top tax rate: 18%
Iowa Exemption amount: None Top tax rate: 15%
Minnesota Exemption amount: $1.6 million Top rate: 16% *Exemption increases to $1.8 million in 2017; $2 million in 2018 and after.
Illinois Exemption amount: $4 million Top tax rate: 16%
Kentucky Exemption amount: $500 Top tax rate: 16%<br>
Pennsylvania Exemption amount: None Top tax rate: 15%
Maryland Exemption amount: $2 million Top rate: 16% Exemption increases to $3 million in 2017; $4 million in 2018; set to match federal law in 2019 ($5.45 million exemption for 2016), and indexed for inflation annually after. For inheritance tax, no exemption, top rate is 16%.
New York Exemption amount: $3,125,000 from April 1, 2015 to March 31, 2016 Top tax rate: 16% Exemption amount increases to $4,187,500 from April 1, 2016 to March 31, 2017; $5.25 million from April 1, 2017 to Dec. 31, 2018; set to match federal law in 2019 ($5.45 million exemption for 2016), and indexed for inflation annually after.
Washington, D.C. Exemption amount: $1 million* Top tax rate: 16% *Exemption amount increases to $2 million when revenue surplus target met (possibly as of 1/1/2017), and later to match federal exemption amount ($5.45 million for 2016), again based on revenue surplus.
Maine Exemption amount: $5.45 million* Top tax rate: 12% *Indexed for inflation annually.
Hawaii Exemption amount: $5.45 million* Top tax rate: 16% *Indexed for inflation annually.
New Jersey Exemption amount: $675,000 Top tax rate: 16% For inheritance tax, no exemption, top rate is 16%.
<div>Delaware Exemption amount: $5.45 million* Top tax rate: 16% *Indexed for inflation annually.</div>
Connecticut Exemption amount: $2 million Top tax rate: 12% Cap: $20 million
<div>Rhode Island Exemption amount: $1.5 million* Top tax rate: 16% *Indexed for inflation annually.</div>
<div>Massachusetts Exemption amount: $1 million Top tax rate: 16%</div>
Vermont Exemption amount: $2.75 million Top tax rate: 16%<br>
<div>Maine Exemption amount: $5.45 million* Top tax rate: 12% *Indexed for inflation annually.</div>

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Terms of Service and Cookie Policy. Your use of ThingLink's Products and Services, is subject to these policies and terms.