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Where Do You Call Home and How Does it Affect Your Estate Tax?

Apr
25

Where Do You Call Home and How Does it Affect Your Estate Tax?

posted on April 25th 2014 in Your Financial Advisor with 0 Comments

About 15 states and the District of Columbia impose an inheritance or estate tax. The tax rates range from a few percent to 19 percent in Washington State. As the typical state exemption rate is much lower than the current federal exemption (it’s only $1 million in New York and Maryland), the middle class is […]

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Apr
01

Home is Where the Heart Is – and Your Tax Bill

posted on April 1st 2014 in Austin CFP Team Posts & Your Financial Advisor with 0 Comments

It’s common today for people to cross state lines to go to work, to temporarily relocate to another state for work or medical treatment, or to have a second or even a third home. Unfortunately, what’s not uncommon is for all of these states to simultaneously lay claim to your income tax dollars. Residency and […]

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