Nys Estate Tax Rates 2024
Nys Estate Tax Rates 2024. The state government requires that these. The state has set a $6.94 million estate tax exemption for 2024 (up from $6.58 million in 2023), meaning if the decedent’s estate exceeds that amount, the estate is required to file a new york estate tax return.
This guide explains ny estate tax rates, exemptions, and how to minimize taxes with proper planning. The new york estate tax rate is much lower than the federal estate tax rate (40%).