3. Hawaii
- Estate tax: Yes
- Estate tax rates: 10%-20%
- Estate tax exemption level: $5.49 million
Hawaii also levies a death tax, which is progressive, with rates ranging from 10% to 20%. The maximum rate is for those estates that are worth more than $10 million. If you live in the Aloha State and leave behind a net worth of $5.49 million or more (for deaths occurring in 2022), your estate may have to pay a death tax.
In fact, this is one of the higher state estate tax thresholds, and it isn’t adjusted annually for inflation. In other words, the tax may seem less frightening for Hawaii residents.
One Response
time for a Tea party again