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The State Tax Sting Beneath the Federal Estate Exemption
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Subscribe22 SEP 2026 / ACCOUNTING & TAXES
The article discusses the potential complexities and financial implications for estates due to differing federal and state estate tax rules, particularly the disconnect arising as states like Oregon, Massachusetts, and New York maintain lower taxation thresholds compared to the $15 million federal estate tax exemption set for 2026. This matters because it underscores the need for individuals and advisors to carefully consider state-specific estate planning to prevent unexpected tax liabilities, as reliance on federal exemptions alone can lead to costly misunderstandings regarding estate tax obligations.
A $15 million estate tax exemption sounds like a pretty comfortable cushion. For a married couple, federal portability can potentially push that protection much higher. So a client worth $4 million, $7 million, or even $10 million may reasonably think est...
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