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The Tax Cuts and jobs act raised the federal exemption from estate taxes to $11.2 million per person, or $22.4 million for a married couple, so the vast majority of taxpayers won’t have to worry …
Jul 10, 2018 … Even though Florida doesn't have an estate tax, you might still owe the federal estate tax, which kicks in at $11.18 million for 2018.
What's important when planning your Florida estate? Well, one aspect, and, I stress, only one aspect of good estate planning is tax minimization. That's right.
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Nov 1, 2013 … With the federal estate tax exemption now $5.25 million, state death taxes take center … Florida has no income tax and no state death taxes.
Florida doesn’t have a personal income tax, an estate tax, or an inheritance tax, although it does impose sales and property taxes. The state’s overall tax burden has consistently ranked among the nation’s lowest for decades, according to the Tax Foundation, a non-profit and non-partisan educational and research organization. It was just 8.9 percent in 2017.