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It does depend on your Relationship Status and Value of the property to accurately definte the percentage of Inheritance Tax, but the general guidelines to go by are:
Relationship Status
Property Amount
Inheritance Tax Rate
Immediate relatives
$ 10,000.01 and more
1%
Remote relatives
$ 2,000.01 - $ 60, 000.00
6%
-
$ 60, 000.01 and more
9%
Others
$ 500.01 - $ 5,000.00
6%
$ 5,000.01 - $ 10,000.00
9%
$ 10,000.01 - $ 20,000.00
12%
$ 20,000.01 - $ 50,000.00
15%
$ 50,000 and more
18%
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Is Nebraska sales tax deductible for small business owners?
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what form do I use for file state income tax for single ?
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The 1040 EZ form is the most often used form. If your tax situation is simple this would be the form you would want to use. Consulting with the IRS directly can help determine what form you will need to use. You can also check with a professional tax representitive to help you with that.
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