2019 Estate Tax Exclusion Amounts

The Basic Exclusion Amount for New York State Estate Tax for dates of death on or after January 1, 2019, and before January 1, 2020, is $5,740,000.

Also, for decedents with dates of death on or after January 1, 2019, you will no longer be required to include the amounts of any gifts, regardless of the date they were given, in the calculation of their New York gross estate.

The Basic Exclusion Amount for the Federal Estate Tax for dates of death on or after January 1, 2019 and before January 1, 2020, is $11,400,000.

The 2019 gift tax exclusion amount remains unchanged at $15,000.