Certificate Re No Hawaii Estate and Transfer Tax Due

Hawaii is has no inheritance tax, but it is one of 12 states with an estate tax.

Is the new, higher estate tax exemption permanent? No, in 2026 the estate tax exemption reverts to $5 million again, adjusted for inflation, unless politicians adjust the law.

While the change provides a major opportunity to pass on a substantial part of your wealth tax-free, there is a catch: It is a limited-time offer. This increase in the estate tax exemption is set to sunset at the end of 2025, meaning the exemption will likely drop back to what it was prior to 2018.

If the decedent is a U.S. citizen or resident and decedent's death occurred in 2016, an estate tax return (Form 706) must be filed if the gross estate of the decedent, increased by the decedent's adjusted taxable gifts and specific gift tax exemption, is valued at more than the filing threshold for the year of the

The IRS issues estate tax closing letters upon request of an authorized person only after an estate tax return (generally, Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return) has been accepted by the IRS (1) as filed, (2) after an adjustment to which the estate has agreed, or (3) after an

Form 706 must generally be filed along with any tax due within nine months of the decedent's date of death.

The due date of the estate tax return is nine months after the decedent's date of death, however, the estate's representative may request an extension of time to file the return for up to six months.

Generally, taxpayers file Form 706 to report estate and/or Generation Skipping Tax (GST) within 9 months after the date of the decedent's death. If unable to file Form 706 by the due date, the taxpayer may request a 6-month extension of time to file by filing Form 4768.

You must file Form 1041 (U.S. Income Tax Return for Estates and Trusts) by the 15th day of the fourth month after the tax year-end (adjusted for weekends and holidays). So for a person who died in 2018, the deadline is April 15, 2019, when the standard Dec. 31 tax year-end is chosen.