State Death Taxes Continue to Die Out

Only 17 states, plus Washington, D.C., still have estate taxes or inheritance taxes (or both) on the books.

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Dying is getting cheaper. While the latest federal tax overhaul doubles the estate-tax exemption, the trend of states loosening their own grip on estates continues in 2018.

Delaware is one of the latest states to bury its estate tax, which snared estates exceeding $5.49 million last year but has completely disappeared. New Jersey, too, has ditched its estate tax altogether, after hiking its exemption to $2 million in 2017 from its notoriously low, longtime exemption of $675,000.

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Rachel L. Sheedy
Editor, Kiplinger's Retirement Report