Oregon Estate Tax Rates
*Disclaimer, this is not legal advice. There is no substitute for talking to a tax planning professional in person.
At Clooten Law, we help clients file probate matters in Umatilla County Oregon. There are certain thresh hold requirements people filing probates need to understand about taxation on estates. These requirements are separate from any federal taxation rules.
The State of Oregon levies a tax on taxable estates that have a value of more than $1 Million. Estates of less than $1 Million are exempt from the Oregon Estate Tax. This is a separate from the Federal Estate Tax. In 2018, individuals with less $11.2 Million and couples with less than $22.4 Million are exempt from the Federal Estate tax. The top Federal Estate tax rate is 40%. More information on determining the Federal Estate Tax rates can be found at IRS.gov.
Leave a Reply
Want to join the discussion?Feel free to contribute!