New York State imposes an Estate tax against Estates that are above the exclusion amounts as stated in the chart below. For 2024, the basic exclusion amount is $6,940.00. Clink the link below to be directed to the New York State Department of Taxation website for further information.
| For dates of death | the basic exclusion amount is |
|---|---|
|
January 1, 2024, through December 31, 2024 |
$6,940,000 |
|
January 1, 2023, through December 31, 2023 |
$6,580,000 |
|
January 1, 2022, through December 31, 2022 |
$6,110,000 |
|
January 1, 2021, through December 31, 2021 |
$5,930,000 |
|
January 1, 2020, through December 31, 2020 |
$5,850,000 |
|
January 1, 2019, through December 31, 2019 |
$5,740,000 |
|
April 1, 2017, through December 31, 2018 |
$5,250,000 |
|
April 1, 2016, through March 31, 2017 |
$4,187,500 |
|
April 1, 2015, through March 31, 2016 |
$3,125,000 |
|
April 1, 2014, through March 31, 2015 |
$2,062,500 |
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