Inheritance Tax Explained | What is Inheritance Tax?
#inheritancetax

Clients always worry about their heirs and how much tax they will pay when receiving their inheritance. As of 2023, your estate only pays federal taxes if the value of your estate is over $12 million. Florida does not have estate taxes. However, don’t gift your home to your kids while alive. Wait until you pass so they get that step up in basis and avoid capital gains taxes.

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