Minnesota Estate Tax Update

The chart above provides important information relative to the increase in the exclusion amounts for Minnesota Estate Taxes. As part of the budget that was recently passed, the Minnesota Estate Tax exemption jumped to $2.1 million retroactive to the beginning of 2017 and is scheduled to increase to $3 million by 2020.

The filing requirement for Estate Tax can vary depending on the year of death. The table details the requirement for specific years.

Chart provided by the Minnesota Department of Revenue.