Tag Archives: Inheritances
Understanding Estate Taxes
Estate taxes can cut into inherited wealth. Luckily, Florida does not have a state estate tax—although the federal government does. If you own property in other states, your property may be subject to other state estate taxes—and, of course, the federal estate tax. Here is what you need to know about estate taxes: The federal […]
Will Capital Gains Taxes Apply to Inheritances?
Upon your death, there may be some federal estate taxes that apply to your assets. Estate taxes only affect a fraction of estates, as the threshold for federal estate taxes is quite high. But you might be wondering whether your loved one’s inheritance could be subject to a capital gains tax as well. Here’s a […]