COVID-19 – We are committed to helping keep our clients and employees safe and connected 301-468-3220

DC Estate Tax Exemption Update

Pursuant to a law passed in December, the District of Columbia's exemption from estate tax shall equal the Federal exemption from estate tax, or currently, $11,200,000 per person.  Unlike the Federal law, D.C. does not allow for a deceased spouse to inherit any unused exemption from estate tax (referred to as “portability”).  Therefore, if a D.C. decedent dies, any unused exemption from D.C. estate tax is lost.

Share This Story, Choose Your Platform!
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram