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Schedule 1299 a Illinois Department of Revenue Form

Schedule 1299 a Illinois Department of Revenue Form

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hi I'm Moni the CEO and founder of valer the estate tax is a tax imposed when transferring a deceased person's estate to heirs and affects the estate's beneficiaries the tax rate is based on the size of the estate and where the estate is based so how does the estate tax work in Illinois and what are its tax rates in this video we'll dig into the basics of the estate tax and walk through different tactical approaches you can take to maximize your hard-earned gains you pass on to Future Generations let's now get started before diving into the Illinois estate tax and its workings let's get into the estate tax Basics the estate tax is a tax on the transfer of assets between Generations it is generally imposed on the estate's total value and any gifts made before the person passes away above a predetermined exempt amount that varies by State starting in 2024 individuals can transfer up to $13.61 million during life or at death without

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