Does Your State Have an Estate or Inheritance Tax?

he old axiom about the two certainties in life are death & taxes remains true. A recent report from the Tax Foundation says in 2022, there are 12 states (and DC) with an inheritance or estate tax – with one state, Maryland, having both. Hawaii and Washington State have the highest estate tax top rates in the nation at 20%. Massachusetts and Oregon have the lowest exemption levels at $1 million, with Connecticut having the highest exemption level at $9.1 million. Continue reading HERE...