Get DC OTR D-76 2018

As modified by legislation enacted in 2017, the DC estate tax exemption (called the zero bracket amount ) now matches the federal basic exclusion amount, and thus has increased from $2 million to $11.2 million per person.

The DC estate tax rate is a progressive tax that maxes out at 16% for estates valued at $10,040,000 or more.

Estate tax is a tax on the transfer of property after death. The federal estate tax generally applies when a person's assets exceed $11.4 million in 2019 at the time of death. The estate tax rate can be up to 40%.

Sales Tax. The general sales tax rate in Washington, D.C. is 6%.

The current sales and use tax rate in D.C. is 5.75%, effective October 1, 2018, the rate will be 6%.

The U.S. states that collect an inheritance tax as of 2019 are Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania.

There is no inheritance tax in the District of Columbia--this would be tax that falls on the heirs and beneficiaries, not on the estate of the person who died. This state exemption will be increased to match the federal estate tax exemption (currently $11,400,000) when certain revenue surplus targets are met.

District of Columbia As modified by legislation enacted in 2017, the DC estate tax exemption (called the zero bracket amount ) now matches the federal basic exclusion amount, and thus has increased from $2 million to $11.2 million per person.

The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018.

No, but there is gift tax at the federal level for gifts in excess of $11,400,000 per person (in 2019). This does not include the annual gift tax exclusion amount which is increased to $15,000 per year. ... Few people today need worry about federal estate taxes in the District, Maryland or Virginia.

The federal estate tax is collected on the transfer of a person's assets to heirs and beneficiaries after death. ... An estate valued at $10,000 more than the 2019 federal estate tax exemption is taxed at a rate of 18%, while an estate that exceeds the exemption amount by $1 million or more is taxed at 40%.