Maryland Decouples From Federal Estate Tax – $5 million Non-Indexed Exemption + Portability

Maryland has decoupled from the federal estate tax. Maryland’s estate tax was scheduled to couple with the federal estate tax beginning in 2019. Instead, beginning in 2019, the Maryland estate tax exemption will be fixed at $5 million and not indexed for inflation.  However, Maryland has implemented portability beginning in 2019 with certain filing requirements.

See legislation by clicking here

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.

 

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