March 31, 2022
PUBLIC FINANCE > Taxes

The Estate Tax in Massachusetts: In Dire Need of Reform

Massachusetts is one of just twelve states that applies an estate tax to the assets of deceased residents. Even among the dozen states with an estate tax, the Massachusetts version stands out due to its low threshold ($1 million) and its application to the entire value of the estate, creating a “cliff effect” for estates just over the $1 million threshold.