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If you mean the federal estate tax, the tax on $150,000 is $38,800. However, if the decedent was a citizen or resident of the U.S., the decedent has a credit of $780,800, which is the tax on the first $2,000,000 in assets. (This applies through the remainder of 2008.) As such, there would be no out of pocket tax, because the credit is greater than the tax. (The credit is not refundable, so the government doesn't pay you any of it!) Remember that assets passing to a surviving spouse who is a U.S. citizen are not taxed. Some states impose estate taxes, as well.
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How much inheritance tax on 35000 dollars?
No federal tax. You need to consult a CPA or tax accountant to find out if any state inheritance tax applies or not. You did not mention what state this is for.
Is your annuity subject to pa inheritance tax?
does a beneficiary of an annuity pay pa inheritance tax
Will I have to pay an inheritance tax in Virginia?
There is no inheritance or estate tax in Virginia. It is limited and related to federal estate tax collection only.
Is there a inheritance tax on stocks?
Yes
How much will 150000 earn in 10 years at 10 percent?
If it is simple interest and interest calculated at the end of each year then 150000x10x0.1 = 150000 If it is compound interest and interest calculated at the end of each year then [150000[(1+0.1)]raised to 10] - 150000 which is [150000x(1.1)raised to 10] - 150000 which is 150000x2.59374246 - 150000 which is 389061.37 - 150000 = 239061.37
How much is tax do you pay on 150000?
200
How much inheritance tax on 35000 dollars?
No federal tax. You need to consult a CPA or tax accountant to find out if any state inheritance tax applies or not. You did not mention what state this is for.
How much tax do you have to pay on 133000 inheritance?
What country are you in
What is the total sales tax for 150000 if the sales tax is 5 percent?
5% = 5/100 5*150000/100 = $7500
Does Minnesota have an inheritance tax?
No. Minnesota does not have an inheritance tax.
Is there inheritance tax for 2010?
there is no inheritance tax in 2010
How much tax do you pay on iheiritance tax on a annunity in New York state?
inheritance tax ny
What is an inheritance tax limit and how much is the inheritance limited to?
For death occurring in 2011, up to $5,000,000 can be passed from an individual upon his or her death without incurring inheritance tax. The limit is 47%.
How much is the inheritance tax in CA for an inheritance of $10 000?
After you actually receive the funds, there are no taxes to pay on it. Inheritance tax is paid by the estate, so you will receive the net from the estate, not a pre-tax amount. There are several factors taht can influence the amount of tax paid on inheritance. Depending on the amount and circustances the tax can be between 4.5-15%.
Pay tax on inheritance in Canada?
do you have to pay tax on inheritance
What is the Virginia STATE inheritance tax rate?
Virginia does not have an inheritance tax. But they do have an estate tax.
What is inheritance tax limits?
Inheritance tax limits are basically limits of tax that the company has to pay from the inheritance of the dead. This would then regulate the inheritance rate from the life insurance.
