[WSBAPT] Fwd: 2016 Exclusion amount updated for 2016 date of death estate tax filings

[Amber K. Quintal]

FYI

Amber K. Quintal |  Member
Ogden Murphy Wallace P.L.L.C.
901 Fifth Ave., Suite 3500 Seattle, WA 98164
phone: 206.447.7000  |  fax: 206.926.2879
aquintal at omwlaw.com<mailto:aquintal at omwlaw.com>  |  omwlaw.com<http://omwlaw.com>


Begin forwarded message:

From: "Veenstra, Barney (DOR)" <BarneyV at DOR.WA.GOV<mailto:BarneyV at dor.wa.gov>>
Subject: 2016 Exclusion amount updated for 2016 date of death estate tax filings
Date: January 22, 2016 at 4:54:53 PM PST
To: <ESTATE-TAX-NOTIFICATIONS at LISTSERV.WA.GOV<mailto:ESTATE-TAX-NOTIFICATIONS at listserv.wa.gov>>
Reply-To: "Veenstra, Barney (DOR)" <BarneyV at DOR.WA.GOV<mailto:BarneyV at dor.wa.gov>>

The Department of Revenue must adjust the Washington applicable exclusion amount threshold annually using the Seattle-Tacoma-Bremerton metropolitan area October consumer price index (CPI) to determine the adjustment.  The current amount $2,079,000.00 applies to estate tax filings with date of deaths in 2016.
Filing Thresholds and Exclusion Amounts based on year of death

Year


Filing Threshold


Applicable Exclusion Amount


2016


2,000,000


2,079,000


2015


2,000,000


2,054,000


2014


2,000,000


2,012,000


2006 to 2013


2,000,000


2,000,000


5/17/05 to 12/31/05


1,500,000


1,500,000





Note: If an estate is required to file a federal return, then it is required to file a Washington estate tax return with supporting documents.

Note:  If the estate is over the Washington filing threshold a complete Washington state estate tax filing including the estate tax return, any applicable addendums and all supporting documentation is required, even if no tax is due.


For additional information visit http://dor.wa.gov/content/FindTaxesAndRates/OtherTaxes/tax_estate.aspx


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Barney Veenstra

Misc Tax Supervisor  |  Special Programs Division
Washington State Department of Revenue

PO Box 47477  |  Olympia, WA 98504-7477
360/534-1435  |  Fax 360/534-1499  |  dor.wa.gov<http://dor.wa.gov/Content/Home/Default.aspx>|  BarneyV at dor.wa.gov<mailto:BarneyV at dor.wa.gov>

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