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Federal Estate Tax Exemption

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M

meisun

Guest
I'm not a US citizen, live and work in New Jersey. What's the federal and NJ state estate tax exemption amount if I die in New Jersey and try to leave my asset to my benificiary who does not live in the States?
 


L

loku

Guest
Death taxes

As for NJ Inheritance Tax, basically, there is a $25,000 exemption for property you leave to relatives. No exemption for property left to a nonrealative.

The federal exemption is currently $675,000.
 
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