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re: I don't understand inheritance tax
Posted on 1/18/16 at 8:23 pm to CtotheVrzrbck
Posted on 1/18/16 at 8:23 pm to CtotheVrzrbck
Is it really better. We have to pay a gift tax on anything over 10Gs.
Posted on 1/18/16 at 10:43 pm to Porter Osborne Jr
quote:
Is it really better. We have to pay a gift tax on anything over 10Gs.
It's 14K now. That's 14K per year you can get tax free.
I do believe there is a ceiling on it but I'm not worried. I'm not even close to that.
And as far as the inheritance tax, years ago you had to pay taxes on $ over $600K. I do not know if that amount has changed.
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