Inheritance Tax Rates & Exemptions Advice
Estate Taxes Guide - Inheritance Tax Laws
The Federal Estate Tax or FET, for short, has been around for literally 100 years. Misinformation has spread rampantly about this tax, mostly by those who call for its repeal; the owners of large estates, you know, the wealthy. They give it the name "Death Tax" and the plebeians begin singing of its horrors in the streets.
Have you ever made contributions to an IRA account, then wondered if you can deduct that investment from your taxes? The simple answer yes, you can, but only in some cases.It all depends on what kind of IRA you contribute to, and in some cases your income level, and if you are covered by an employer-run retirement account or not.
Being on the receiving line of an Internal Revenue Service agents phone call or mailing informing you that your tax returns are being audited is a nightmare that millions of Americans have undoubtedly had. A tax audit can turn an otherwise quiet life upside down and cause undue stress on an individual and their family.
Every state figures out a way to collect revenue in the form of taxes, but not every state is equal in how they go about doing that. Some states have a high sales tax while others have no sales tax at all. This piece will focus on breaking down the best and worst states when it comes to their sales tax.
April 15th, otherwise own as Tax Day, is ever nearing. If you're one of the millions of Americans that has decided to put off your filing to closer to deadline day and are trying to jog your memory back into tax filing gear, no worries. That's what this entry is for.
Determining whether or not you have to pay taxes on your Social Security benefits really comes down to two factors: 1) your tax filing status, and 2) the amount of your "combined" income. Generally speaking though, you will not have to pay any taxes on your Social Security benefits at all, if that is your only source of income.
Most people's goal every tax season is to figure out how to owe as little in taxes as possible. The purpose of this entry is to help you with that. The goal here is to show you a handful of ways that you can potentially lower your tax bracket through various personal deductions, thereby lowering the percentage you are taxed at, and save you money.
The Child Tax Credit is one of the most straight forward tax credits that are available for Americans of all tax brackets. First enacted in 1997 and expanded in 2001, this credit has helped offset the cost of raising an eligible child under the age of seventeen.
Estate Tax News & Opinion Articles
|Mon Jan 23, 2017 | wealthmanagement.com|
Despite the possible repeal, estate planning attorneys attending their biggest professional conference said they remain...
|Thu Mar 26, 2015 | thehill.com|
Sen. John Thune (R-S.D.) said "a death in the family should not be a taxable event."
|Wed Mar 25, 2015 | forbes.com|
Portability is still tripping up surviving spouses and their advisors, and the American Institute of CPAs is calling on...
Estate Tax Videos
|Fri Mar 20, 2015|
This video discusses the concept of the inheritance tax and explains how the inheritance...
|Thu Nov 20, 2014|
Find out if you’ll need to pay the federal gift tax if you give someone money or property.
|Thu Apr 14, 2011|
The IRS charges taxes on certain monetary gifts that people make during the year. Learn a...