NY risk area
Tax exposure in New York
State estate or inheritance tax rules and how they interact with federal thresholds.
New York imposes an estate tax with a basic exclusion amount that is indexed annually.
Does the state impose an estate or inheritance tax?Who is exempt or receives preferential treatment?How does federal tax interact with state rules?
At a glance
Key takeaways
- For dates of death in 2026, the New York basic exclusion amount is $7,350,000.
- Residents must file if the federal gross estate plus includible gifts exceed the basic exclusion amount.
- Nonresidents may need to file if they have New York-situs property.
- State estate tax thresholds are separate from the federal exemption and can be lower; confirm current exclusion and filing requirements.
Questions to consider
Questions this risk area helps you evaluate in New York
- Does the state impose an estate or inheritance tax?
- Who is exempt or receives preferential treatment?
- How does federal tax interact with state rules?
State overview
New York imposes an estate tax with a basic exclusion amount that is indexed annually.
- For dates of death in 2026, the New York basic exclusion amount is $7,350,000.
- Residents must file if the federal gross estate plus includible gifts exceed the basic exclusion amount.
- Nonresidents may need to file if they have New York-situs property.
- State estate tax thresholds are separate from the federal exemption and can be lower; confirm current exclusion and filing requirements.
Sources
- https://www.tax.ny.gov/pit/estate/etidx.htm
- https://taxfoundation.org/data/all/state/estate-inheritance-taxes/
Risk sources
- IRS inflation adjustments for tax year 2026
Use for the current federal estate tax basic exclusion amount.
- IRS Instructions for Form 706 (United States Estate Tax Return)
Defines filing requirements and federal estate tax framework.
- Tax Foundation - State estate and inheritance taxes
Current list of states with estate or inheritance taxes.
National sources provide baseline context; state statutes and court rules control in New York.