When Is A New Jersey Estate Tax Return Required?

On behalf of David Whitlock at Whitlock Canter LLC

Beginning on January 1, 2017, a New Jersey Estate Tax Return is required when the gross estate plus prior taxable gifts are in excess of $2 million. Prior to that date, gross estates plus prior taxable gifts in excess of $675,000 were subject to state estate taxation. Additionally, no estate taxes will be assessed against the estate of a New Jerseyan who dies on or after January 1, 2018 and no return can or needs to be filed.