2. District of Columbia
- Estate tax: Yes
- Estate tax rates: 11.2%-16%
- Estate tax exemption level: $4,528,800
Washington, D.C., levies a death tax on the estates of certain people after they have passed away. More specifically, estates worth more than $4,254,800 in 2022 are subject to an estate tax. This threshold is higher than in past years.
The rate of the nation’s capital estate tax ranges from 11.2% to 16% in 2023. Estate planning isn’t easy, and if you’re dealing with the estate of a loved one or planning for your own estate, you may need some help. Consider seeking support from a financial advisor that can help you with your estate planning needs.
One Response
time for a Tea party again