×

ADVERTISEMENT

Connect with a Massachusetts Inheritance Law Attorney

Enter Your Zip Code or Call (855) 324-7891 to Connect with a Probate Lawyer In Your Area.

Learn about the self-help resources available to you at Massachusetts Probate Court.

Massachusetts State Estate Tax

Massachusetts State Estate Tax

Only a few states collect their own estate or inheritance tax. Find out if Massachusetts collects either (or both) taxes on the estate after someone has died.

Updated: 2020-09-14 by

Massachusetts residents are subject to an estate tax for estates of more than $1 million. This tax falls on the estate of the person who died; the beneficiaries or heirs inherit what's left. There is no inheritance tax in Massachusetts, this would be tax that falls on the heirs and beneficiaries, not on the estate of the person who died. The maximum rate for the Massachusetts estate tax is 16%, signficantly lower than the maximum federal rate of 40%.

This state estate tax is in addtion to the federal estate tax, which also falls on the estate of the person who died, not on the people who inherit that property. There is a federal tax exemption of $10 million, which is indexed to inflation and is currently $11,580,000, and only people who die with an estate larger than that exemption will have to pay estate tax. It is estimated that only the richest .14% of Americans will be subject to the estate tax at all, or only two out of every 1,000 people who die.

If someone dies in Massachusetts with less than the exemption amount (currently $11,580,000), their estate doesn't owe any federal estate tax, and if someone dies in Massachusetts with an estate worth less than $1 million, there is no Massachusetts estate tax, either. The heirs and beneficiaries inherit the property free of tax. They don't pay income tax on it, either, because inherited property is not ordinary income. The only exception to this are inherited retirement accounts, which are subject to income tax as the assets are withdrawn.

Information and tax forms can be found at the State of Masschusetts Department of Revenue's website.

 

You may also be interested in:

ADVERTISEMENT

Connect with a Massachusetts Inheritance Law Attorney

Enter Your Zip Code or Call (855) 324-7891 to Connect with a Probate Lawyer In Your Area.

Learn about the self-help resources available to you at Massachusetts Probate Court.

Useful Web Resources


Get help if you need it...

Need a Massachusetts Inheritance Law Lawyer?

We can connect you

How It works:
1. Descrbe Your Case
2. Provide Your Contact Info,
3. A lawyer or law firm in your area will connect with you.
4. You discuss your case with each other
and decide whether you want to work together.

Since 2010, we've helped thousands of people like you
find a lawyer to help them.
Let us connect YOU!

Massachusetts: Law