What’s New for Estate Taxes in 2017?

The Office of Tax and Revenue (OTR) would like to inform taxpayers of the changes to the estate taxes for 2017.

estatefinal-1-3-17_2Following are highlights of the changes:

  • For persons who died after December 31, 2016, the estate tax threshold (the portion of the estate not subject to tax) will increase from $1 million to $2 million.
  • DC estate tax returns are due 10 months from the date of death. For example, if a person died on December 31, 2016, an estate tax return will be due on October 31, 2017 using the $1 million threshold. If a person died on January 1, 2017, an estate tax return will be due on November 1, 2017 using the $2 million threshold.
  • Taxpayers will continue to file their estate tax returns using Form D-76 using the     DC-76 Tax Computation Worksheet to compute the amount of tax due.

Stay tuned for more details and information regarding the updated D-76 Computation Worksheet for persons who died in 2017.

Quick Link

OTR Twitter Page – @DC_OTR

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One Response to What’s New for Estate Taxes in 2017?

  1. Pingback: What’s New for Estate Taxes in 2017? | Gateway To The City DC – Fort Lincoln, Washington, D.C.

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