Q:

Where can the New Jersey estate tax rates be viewed?

A:

Quick Answer

The New Jersey estate tax rates can be viewed through the New Jersey Department of the Treasury's website. The resource lists specific details about who needs to file an estate return and also has forms for doing so. The tax is separate to the federal estate tax and has different limits on the dollar amount that makes an estate eligible for taxation.

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Full Answer

The New Jersey estate and inheritance taxes raise $700 million in revenue annually, according to Forbes magazine. It has a maximum tax rate of 16 percent, compared to the federal rate of 40 percent. First put in place in 1892, the tax is a highly debated issue in New Jersey, with many politicians introducing bills to eliminate it all together.

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