A New Era for Estate Tax in Massachusetts: Understanding the $2 Million Exemption Increase

A New Era for Estate Tax in Massachusetts: Understanding the $2 Million Exemption Increase Thumbnail

On October 4, 2023, Governor Maura Healey ratified Bill H. 4104, doubling the Massachusetts estate tax exemption amount from $1 million to $2 million. Unlike the prior Massachusetts estate tax law, which imposed estate tax on the entire estate (not just the excess over $1 million), the new law taxes only the amount exceeding $2…

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