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Does a nephew in NJ who is included in his uncles will have to pay 15 percent inheritance tax?
In New Jersey, nephews and nieces fall under Class "C" beneficiaries for inheritance tax purposes. This class typically incurs a tax rate of 15% on the amount inherited over $1.1 million. Therefore, if the nephew inherits more than this threshold, he would be subject to the 15% inheritance tax on the amount exceeding $1.1 million. If the inheritance is below this amount, no tax would be owed.
What else can I help you with?
How do you avoid being a dependent on your parents taxes?
They have a right to claim you as a dependent if: dependent, generally : the term refers to: (1) any individualliving with the taxpayer (providing the relationship is not illegal under local law) and for whom the taxpayer provides at least 50 percent of his or her support ; and (2) certain relatives (parents, children, siblings, stepchildren, stepsiblings, stepparents, nephews, nieces, aunts, uncles, children-in-law, parents-in-law, grandparents, and grandchildren) regardless of where they live for whom the taxpayer provides at least 50 percent of their support.So if you accept less than 50% of your upkeep needs from them, then they really can't be taking you. It's called not being dependent on them!
If you're a dependent on someone else's income tax return can you claim dependents as well?
No. If you're being claimed as a dependent on someone else's tax return, then you can't claim dependents. There are two types of qualifying dependents. One is a Qualifying Child, which includes children, stepchildren, foster children, siblings, and their descendants (grandchild, niece, nephew). The other is Qualifying Relative, which includes those in the Qualifying Child category as well as others (parents, grandparents, aunts, uncles, in-laws, and any other person living all year in your household as long as the relationship doesn't violate local law).If you qualify for either category, then you're not eligible to claim your own dependents. Also, by being claimed as a dependent on someone else's tax return, you can't claim a personal exemption for yourself on your own tax return.
What is an uncle's nephew related to the uncles great grandchild?
not to be complicated , but if you have an uncle--> he has a nephew--> as you can see that's not complicated . And if you ask what is a uncles NEPHEW related to an uncles grandfather. in what way ....i would say the nephew is is the great gandfathers great grandson.
What is the relationship between you and your father brothers?
Your father's brother is your uncle. You are his niece (if you are female) or his nephew (if you are male).
What relation are you to your father's brother's?
Your fathers brothers are your uncles. You are their nephew, or niece.
Can you be related to your uncles nephew in any way?
Your uncle's nephew may be either a sibling or a cousin or yourself.
How is your grand uncles brother or sister related to you?
Your uncle is your child's great uncle and your grandchild's great great uncle. Your grandson is your uncles great great nephew.
How do you disown my uncles?
Disowning YOUR uncles is not something that an unrelated person can do. Also while you, as their nephew or niece, can simply decide never to see or communicate with them again, there is no legal means of disowning them, they will still be YOUR uncles.
What relationship are your children to you great nephew?
I believe they would be great aunts or great uncles.
How are you related to your uncles nephew?
Your uncle's nephew could be:you, if you are a boyone of your brothers, if you have anyyour first cousin, if your parent and your uncle have a third sibling who has a child who is a boy
Niece as to nephew as brother is to?
Niece is to nephew as sister is to brother.
What relationship is your nephew's wife?
The English language does not contain a specific term to describe a relationship between you and your nephew's wife. The culture does not consider her to be related to you. Most aunts and uncles would merely call her "my nephew's wife."
What is the order of family relationships mom dad aunt uncle niece nephew cousin etc?
Family relationships can be ordered as follows: a mom and dad are parents, while their siblings are aunts and uncles. The children of aunts and uncles are cousins. A niece is the daughter of one's sibling, and a nephew is the son of one's sibling.
What are your children to your uncles daughter?
Your aunt is your child's Great Aunt, so your child is her great niece or great nephew.
