Update: Maryland Estate Tax Exemption to IncreaseBondBeebe
Posting by Sean Urbany
On May 15, Governor O’Malley signed into law a bill that will gradually increase Maryland’s estate tax exemption to eventually match the federal exemption, which is indexed for inflation. With these increases, next year Maryland’s exemption will be $1.5 million and will continue to increase until 2019, when it is set to recouple with the federal exemption, which in that year is projected to be $5.9 million.
This is indeed good news for Maryland residents and similar conversation on the estate tax exemption is underway across the border in DC.