Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

13 US States With the Highest Death Taxes

February 6, 2023 · Taxes
maryland
Photo by SeanPavone from Envato

6. Maryland

  • Estate tax: Yes
  • Estate tax rate: 0.8%-16%
  • Estate tax exemption level: $5 million

The estate exemption for Maryland is $5 million in 2022, plus the predeceased spouse’s unused exclusion amount (if that’s the case). This means that if you pass away and leave behind an estate that’s worth less than $5 million, your estate isn’t subject to the Maryland death tax.

But if your estate is worth $5 million or more, there’s a progressive tax rate (ranging from 0.8% to 16%) that your estate has to pay after you die. While there’s also an inheritance tax in Maryland (with a flat 10% rate), the list of those exempt from paying it includes the decedent’s children, spouse, parents, grandparents, grandchildren, siblings, daughter-in-law, son-in-law, and surviving spouse of a deceased kid. Moreover, property worth less than $1,000 passing to any one heir isn’t subject to the tax.

Pages: 1 2 3 4 5 6 7 8 9 10 11

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

1 comment on “13 US States With the Highest Death Taxes”

  1. Good Luck says:
    February 23, 2023 at 8:08 pm

    time for a Tea party again

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • A woman sits on her living room floor surrounded by shipping boxes, holding a receipt and reviewing a purchase for a potential return. 7 Store Return Policies Worth Knowing Before You Shop
  • A retired man in his late 60s working happily at a sunlit home office table with a laptop, notepad, and coffee. 10 Encore Careers Retirees Are Loving Right Now
  • An active retired man happily working in his sunlit home greenhouse, surrounded by plants and tools, with his planner nearby. The Social Security Earnings Test: Know This Rule Before Working in Retirement
  • An ink and watercolor illustration of a senior couple happily engaging in physical therapy exercises surrounded by warm botanical accents. The Medicare-Covered Therapies Retirees Often Don't Realize Are Included
  • An older couple sitting at their sunlit dining table casually reviewing financial documents together. How a Second Marriage Can Quietly Change Your Retirement Plan
  • An editorial illustration of a gold fountain pen signing a contract where the ink turns into a complex maze, trapping a tiny figure. The Annuity Pitch Retirees Should Always Question First
  • Risograph illustration of an hourglass with golden sand representing retirement funds, with a calendar pointing to age 73. Why Your Required Minimum Distribution Might Be Bigger Than You Think
  • An elegant watercolor illustration of a person finding a glowing retirement file folder in a cozy, sunlit attic room. 5 Retirement Accounts You're Probably Forgetting You Have
  • Editorial watercolor of a woman walking along an illuminated golden path marked with ages 60 to 63. The 401(k) Catch-Up Rule Turning 60-Somethings Can't Afford to Miss
  • An editorial illustration showing two potted sprouts on a kitchen table; one grows freely, while the other is trimmed by pruning shears. The Hold Harmless Rule: Why Some Retirees Got a Real Raise and Others Didn't

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

expenses to say goodbye to Kamala

American Economy if Kamala Harris Wins: A Breakdown

A shopkeeper and customer share a warm moment, illustrating the small businesses that drive community…

Read More →
tax documents

7 Important Tax Documents to Never Throw Away

Hands carefully sorting through an accordion file folder to ensure important tax documents are organized…

Read More →
tax deduction

Small Business Owners Can Get These 20 Tax Deductions Now

Would you like to have your tax bill reduced? A tax deduction, also known as…

Read More →
experts stealth

Can’t Pay Your Taxes? Experts Shared 3 Solutions for You

A person writes in a notebook, outlining a strategic plan to manage tax debt and…

Read More →
tax

7 Random Things You Will Get Taxed For

6. Bitcoin While Bitcoin can be used to purchase a variety of services and goods,…

Read More →
avoid some taxes

Yes, You Can Avoid Some Taxes With These 6 Solutions!

Benjamin Franklin once said: “nothing is certain but death and taxes.” If you don’t file…

Read More →
property taxes

Here Are 10 States With the Most Favorable Property Taxes

6. South Carolina Average House Value in 2022: $261,882 Effective Property Tax Rate in 2019:…

Read More →
new 2024 tax plan

Biden Proposed a New 2024 Tax Plan (and You Should See It Now)

Global minimum tax The proposal would revoke Base Erosion and Anti-Abuse Tax liability, replacing them…

Read More →
prepare early for the tax season avoid

8 Unexpected Reasons to Prepare Early for The Tax Season

7. Faster tax refunds This is probably one of the best reasons to prepare early…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.