New Jersey Estate Tax Repeal Takes Effect

On October 14th, 2016, then-Governor Christie signed a law that would eliminate the New Jersey estate tax entirely by January 1, 2018. Beginning in 2016, decedents could not be taxed on an estate of less than $675,000. As of January 1, 2017, there was no tax on a decedent’s taxable estate of less than $2 million. Now, the New Jersey estate tax is eliminated altogether. Continue reading “New Jersey Estate Tax Repeal Takes Effect”