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- Estate tax - NYS Department of Taxation and Finance
New York State's estate tax is calculated using the tax table provided on Form ET-706 There are multiple versions of Form ET-706 Be sure to use the version that corresponds to the decedent's date of death
- How to Avoid the New York State Estate Tax Cliff
As mentioned above, the New York estate tax exemption for 2025 is $7,160,000 So, for anyone who lives in New York and passes away with an estate that is valued below that amount, they do not have to pay estate tax at the state or federal level
- NY Estate Tax Cliff 2025: $7. 16M Exemption Explained | Morgan Legal . . .
As of 2025, New York offers an estate tax exemption, which is adjusted annually for inflation Specifically, for 2025, this amount is projected to be approximately $7 16 million Therefore, estates valued at or below this threshold are generally exempt from New York State estate tax
- New York Estate Tax Guide (2025): What You Need to Know
Thanks to New York’s so-called “estate tax cliff,” if your estate exceeds the exemption by more than 5%, you lose the entire New York estate tax exclusion — and your estate is taxed from dollar one For 2025, the New York estate tax cliff hits at $7,518,000 That’s not a warning That’s policy
- Estate Tax Exemption Amounts Are Changing Again • EJRosenLaw
For New Yorkers, the state estate tax exemption is $7 16 million in 2025 If you live in New York and your estate value exceeds $7 million or $7 16 million, it is time to meet with an experienced New York estate planning attorney
- New Yorks Estate Tax Exemption in 2025 | Alatsas Law Firm
The New York State estate tax exemption has increased to $7,160,000 for 2025, adjusted annually for inflation That’s a modest increase from 2024’s $6 94 million—but the risk of falling off the “estate tax cliff” remains just as severe
- Navigating the 2025 New York Estate Tax: A Guide for New Yorkers
The 2025 New York estate tax exemption is set at $7 16 million per person This means if the total value of your assets is at or below this amount when you pass away, New York State generally won't levy an estate tax
- New York Estate Tax Exemption 2025 - ClearEstate
The federal government lets you transfer any unused estate tax exclusion amount to your spouse when they die - New York State does not let you do this Any unused amount of the New York estate exclusion may not be transferred and used by the surviving spouse
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