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Do I owe NY inheritance tax (mom passed away and left a trust). I live in VT the amount is 100,000.00

 
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Do I owe NY inheritance tax (mom passed away and left a trust). I live in VT the amount is 100,000.00

Neither New York nor Vermont impose an inheritance tax, but both impose an estate tax. However, if the entire estate is valued at $100,000, then it would appear to be well under the threshold for filing.

 

See https://tax.vermont.gov/individuals/estate-tax AND

 

https://www.tax.ny.gov/pit/estate/etidx.htm

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Do I owe NY inheritance tax (mom passed away and left a trust). I live in VT the amount is 100,000.00

Neither New York nor Vermont impose an inheritance tax, but both impose an estate tax. However, if the entire estate is valued at $100,000, then it would appear to be well under the threshold for filing.

 

See https://tax.vermont.gov/individuals/estate-tax AND

 

https://www.tax.ny.gov/pit/estate/etidx.htm

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