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Changes Decedent s last name First name Middle initial Social Security number (SSN) Address of decedent at time of death (number and street) City State Date of death ZIP code If copy of death certificate is attached, mark an X in the box County of residence If the decedent was a nonresident of New York State (NYS) on the date of death, mark an X in the box and attach a completed Form ET-141, New York State Estate Tax Domicile Affidavit. Employer identification Name and EIN o.

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Related content

Estate tax forms corrections and changes...
Changes/corrections are listed in the following format - If a form is not listed, there...
Learn more
Instructions for Form ET-706
Amended returns​​ To amend your NYS estate tax return, mark an X in the box at the top...
Learn more
Analysis of New York State Estate Tax Returns...
They also include the effects of audit revenue paid to the Tax Department, and refunds...
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Since then, we have seen the exemption rise to $13,610,000 in 2024 due to inflation. However, on January 1, 2026, the exemption is scheduled to automatically reset (or sunset) to $5,000,000, indexed to inflation (approximately $7,000,000), unless Congress acts prior to then.

New York Estate Tax Rate For 2024, the rates range from 3.06% to 16% depending on the size of the estate. Estates valued below the $6.94 million exemption amount are not subject to this tax.

New York Estate Tax Exemption The New York estate tax threshold is $6.94 million in 2024 and $6.58 million in 2023. That number will keep going up annually with inflation. This means that if a person's estate is worth less than $6.94 million and they die in 2024, the estate owes nothing to the state of New York.

As a result, for 2024, a single taxpayer can claim a federal estate and lifetime gift tax exemption of $13.61 million. Couples making joint gifts can double that amount. This exemption has helped affluent families pass along substantial gifts tax-free.

A California Estate Tax Return, Form ET-1, is required to be filed with the State Controller's Office, whenever a federal estate tax return Form-706 is filed with the Internal Revenue Service (IRS).

It is possible to avoid the sting of the estate tax by (1) fully utilizing each spouse's estate tax exemption (2) deferring taxes until the death of the second spouse (3) and completely escaping taxes by gifting assets during your life through the use of irrevocable trusts as well as upon death by gifting to qualified ...

However, not all estates are subject to taxation in New York, as there are exemptions and thresholds to protect smaller estates. As of 2024, the New York State estate tax threshold is $6.94 million. This means estates valued below this threshold are not subject to estate tax.

No, not all estates need to file Form 706. Only estates with gross assets and prior taxable gifts exceeding the annually determined exemption amount are required to file this form. For 2023, this threshold is set at $12.92 million, or $13.61 million in 2024.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232