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NYS Estate Tax Increases the Exclusion Amount

Over the next five years, the NY estate tax exclusion amount (formerly $1 million) is increased each year until the year 2019 when the NY exclusion matches the federal estate tax exemption:

  • Deaths between April 1, 2014 and March 31, 2015: $2,062,500
  • Deaths between April 1, 2015 and March 31, 2016: $3,125,000
  • Deaths between April 1, 2016 and March 31, 2017: $4,187,500
  • Deaths between April 1, 2017 and December 31, 2018: $5,250,000
  • Deaths on or after January 1, 2019: New York exemption will match federal exemption
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