Form Instructions 706 MS 2024-2025

Form Instructions 706 MS: What You Should Know

Make a copy of Form 706 (Rev. September 2023) with the death certificate or other identification.  Attach a copy of the U.S. Form 706 with death certificate. Step 2 Complete the instructions to the form and attach all the required documents in a separate document envelope.  If all the required documents are filed in one envelope: the envelope must not contain any extra, personal, or confidential information. Step 3 File Form 706 (Rev. September 2023) with the federal return services agency. Step 4 Fill in, sign and date the back of the form. Step 5 File the federal return. Step 6 Include all attachments, not just the death certificate. For a copy of the U.S. Form 706 with birth certificate or divorce decree, see also or the Mass.gov links above, or call the toll-free number. How to file a state estate tax return The deadline to file a state estate tax return is the latter of  the last day to file the federal form 706 with the state, or the date the taxpayer died. The state death tax deadlines are given here: Filing a death tax return Death Tax FAQs A Note on Massachusetts Estate Tax Massachusetts imposes an estate tax of 5.25% of the individual's taxable estate on all estates above 500,000,000 per person. On January 1, 2016, the threshold was raised to 530,000,000 for individuals, 500,000,000 for married couples filing jointly, and 500,000,000 for married couples filing separate. A second or subsequent spouse is not included in determining whether a tax has been paid. For information on death exemptions and exemptions from estate tax, see section 64 of the Internal Revenue Code. Please note, that the Massachusetts state estate tax is separate from the federal estate tax and is in no way tied to the federal estate tax. The exemption amount is determined by the taxpayer, the spouse of the taxpayer, who received the taxpayer's IRA contributions, or who had the assets when the taxpayer died. The Massachusetts death tax exemption may exceed the federal exemption amount. For more information, see the website for the Internal Revenue Service, For additional information about the death tax, see Mass.

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