You Heard It From #ITPN: You May Not Need to Pay Any Estate or Inheritance Tax
Of course, this wouldn't apply to just anybody, for obvious reasons. #Taxes are a muddled mess when it comes to exemptions, credits, write-offs, and different kinds of taxes you'd HAVE to pay provided you fall under the specific profile — and you may be wealthy enough where estate or inheritance tax becomes something you'd need to keep in mind. Unless….
Your estate may be valued at $5,430,000 or more! If that's the case, say good-bye to the estate tax. To add more awesomeness, six states levy the inheritance tax: Iowa, Maryland, Nebraska, New Jersey, and Pennsylvania. Two of those states — Pennsylvania and Nebraska — are the only states taxing for transfer of property from an estate to an inheritance.
So, in a nutshell, if you live in four of those six states, and you're quite wealthy, your children are going to be VERY happy with the tax credits when you pass on your property to them.
Learn more here at this link about other types of tax shelters and benefits, and be sure to register with us right now to get that tax return taken care of!
You’re probably wondering what tax shelters are and why they’re so important. Read this and find out how your tax refund could blow up huge!