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re: I don't understand inheritance tax

Posted on 1/18/16 at 8:23 pm to
Posted by Porter Osborne Jr
Member since Sep 2012
40211 posts
Posted on 1/18/16 at 8:23 pm to
Is it really better. We have to pay a gift tax on anything over 10Gs.
Posted by Red Stick Tigress
Tiger Stadium
Member since Nov 2005
17899 posts
Posted on 1/18/16 at 10:43 pm to
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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