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2026 State Summary of Inheritance, Estate, Gift, and Generation-Skipping Transfer Tax

<p>2026 State Summary of Inheritance, Estate, Gift, and Generation-Skipping Transfer Tax</p>

The Key Wealth Institute is a team of highly experienced professionals representing various disciplines within wealth management who are dedicated to delivering timely insights and practical advice. From strategies designed to better manage your wealth, to guidance to help you better understand the world impacting your wealth, Key Wealth Institute provides proactive insights needed to navigate your financial journey.

The document provides a comprehensive overview of inheritance, estate, gift, and generation-skipping transfer (GST) taxes across U.S. states as of as of publication. It details which states impose these taxes, recent legislative changes, exemption amounts, tax rates, and relevant statutory authorities.

Key Takeaways:

  • Use this chart to quickly identify whether a state imposes inheritance, estate, gift, or GST taxes to minimize state-level transfer tax exposure.
  • 5 states still impose an inheritance tax
  • 12 states plus D.C. impose a state estate tax
  • Connecticut is the only state with a standalone state gift tax
  • 6 states have a generation-skipping tax.
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KeyBank, nor its subsidiaries or affiliates, represent, warrant or guarantee that this material is accurate, complete or suitable for any purpose or any investor and it should not be used as a basis for investment or tax planning decisions. It is not to be relied upon or used in substitution for the exercise of independent judgment. It should not be construed as individual tax, legal or financial advice.

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