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 Affidavit of No Florida Estate Tax Due STATE of 2024

Affidavit of No Florida Estate Tax Due 2024 Form

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Instructions and help about florida na

JD you're on WDBO go ahead hi Tom I wanted to ask about inheritance taxes I do or beneficiary uh beneficiaries included in inheritance taxes or they taxed differently well let me say it this way and see if you understand it JD General here in the State of Florida generally when somebody inherits wealth from their parents or friend or family anyway generally it is all tax free why because mom's got to go out earn fifteen thousand dollars pay Uncle Sam three thousand dollars in income taxes she got twelve thousand left over she passes away the kids inherit that twelve thousand they're not going to pay income taxes on it because mom has already paid income taxes on it typically when somebody dies here in the State of Florida the only taxes are due are taxes on traditional IRAs if you got a traditional IRA yes you know you are paying income taxes on that money as on that Ira as you withdraw it because you've never paid income taxes on it if you pass away and your kids cash out your traditi

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