A major tax relief package signed by Governor Maura Healey on October 4 doubles the Massachusetts estate tax threshold to $2 million.
The higher estate tax threshold is retroactive to January 1, 2023. If you have already paid estate taxes this year, you may be entitled to a refund. Our estate planning specialists at Mountain Dearborn stand ready to help. Please contact us to learn more.
Image: Massachusetts Statehouse by King of Hearts, courtesy Wikimedia Commons