Estate Tax Exemption 2024 Nys Exemption. The state has set an estate tax exclusion amount, which for 2024 stands at $6,940,000, adjusted annually for inflation. New york has an “estate tax cliff,” which can result in heirs paying new york estate tax at a rate exceeding 100%.

The irs and the new york state department of taxation recently announced the 2024 exemption and exclusion amounts related to federal estate tax, federal. The new york estate tax exemption amount is currently $6,580,000 (2023).