Do You Currently Live in a State That Taxes Your Estate, Inheritance or Both?

In 2017, the federal government increased estate tax exclusions in the Tax Cuts and Jobs Act, from $5.49 million to $11.2 million per person. It will expire by December 31, 2025. Meanwhile, if you happen to be living in one of 17 states (or the District of Columbia), it is possible that your estate, inheritance (or both) may be federally... read more »