July 12, 2019

Does Your State Levy Estate and Inheritance Taxes?


States have been repealing estate taxes since the early 2000s.

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Now, just 17 states and the District of Columbia (D.C.) levy estate and/or inheritance taxes. Twelve states and D.C. levy estate taxes while six states levy inheritance taxes (Maryland levies both). These taxes have long been used not just to raise revenue for vital public services, but to promote equality of opportunity and reduce the transfer of concentrated wealth from one generation to the next.

Read More: State Estate and Inheritance Taxes (December 2016)