![]() Finally, add that number to the base taxes to get your total Massachusetts estate tax burden. Multiply that rate by any wealth held above the rate threshold listed in the fourth column. The third column shows your marginal rate. In the second column, you’ll see the base taxes owed on wealth that falls below your bracket. To figure out how much your estate will need to pay in estate taxes, first find your taxable estate bracket in the chart below. The estate tax rate for Massachusetts is graduated. When the second of two spouses dies, the exemption is still only $1 million. The Massachusetts estate tax exemption is not portable between spouses. This means if your estate is worth $1.5 million, the tax applies to all $1.5 million, not just the $500,000 above the exemption. Unlike many other estate taxes, the Massachusetts estate tax applies to the entire estate, not just the amount above the exemption. However, if it’s smaller than $1 million, then no state estate taxes will be owed. This means that if your estate is worth more than $1 million when you die, money will be owed to the state before it’s disbursed to your heirs. The Massachusetts estate tax exemption is $1 million.
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