Estate Tax

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New Jersey Lawmakers Consider Repeal Of State’s Inheritance Tax

Currently, the state’s inheritance tax requires anyone other than a spouse, child, parent or grandparent of the deceased who inherits more than $25,000 to pay taxes on the sum.


The New York state Capitol in Albany (credit: Getty Images)

Sources: Major Tax Relief Coming In New York State Budget

Sources told CBS 2 that the New York State Legislature is poised to cut taxes for property owners, renters, businesses and even estates.


Connecticut St. Sen. Scott Frantz (file / credit: Office of Scott Frantz)

Conn. Republican: Estate Tax Counterproductive To Economic Growth Efforts

In Connecticut, dying can be expensive. Under Connecticut’s new budget laws, estates over $2 million can be taxed as high as twelve percent.