DecoupleCruncher
Starting in 2002, many states decoupled their estate taxes from the federal system by choosing to apply their own estate tax regardless of the availability of a federal estate tax credit. DecoupleCruncher is the solution to crunching the numbers in cases where client property is located in one or more decoupled or quasi-decoupled states. The program allows for the completion of hundreds of computations, many with interrelated variables, in a matter of seconds.
Features and Benefits
Can be used as a lifetime planning tool
Can be used as an aid in preparing your clients’ federal and state estate tax returns
Handles up to four states at a time
Computes client’s tentative taxable estate, state and federal exclusions, federal and state tax, and percentage of estate lost to tax
Multi-state calculation includes maximum credit for state death taxes, the net U.S. estate tax, tentative state tax, pro-rata share of tentative state tax allocable to other states, and tax payable to domiciliary state
Helpful in evaluating optimal marital deduction and potential benefit of making a lifetime gift
Illustrates the impact of state death tax deduction, which is useful in evaluating a client’s potential tax benefit from moving from one state to another
Unrivaled email & phone support
States Supported
- Connecticut (CT)
- District of Columbia (DC)
- Delaware (DE)
- Hawaii (HI)
- Illinois (IL)
- Massachusetts (MA)
- Maryland (MD)
- Maine (ME)
- New Jersey (NJ)
- New York (NY)
- Oregon (OR)
- Rhode Island (RI)
- Vermont (VT)
- Washington (WA)