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NJ estate tax Tag

Gruber, Colabella, Thompson, Hiben & Montella > Posts tagged "NJ estate tax"

Say Goodbye to New Jersey Estate Tax

House and Money

New Jersey is one of only two states that collect both an inheritance tax and estate tax at the time of the transfer of assets upon an individual’s passing. However, on October 14, 2016, Governor Christie signed a bill increasing the exemption amount for payment of estate tax for one year and thereafter, for a total elimination of the estate tax.