Bernetich, Hatzell, & Pascu, LLC.

New Jersey Inheritance Tax Return

The New Jersey Inheritance Tax Return is due eight months after death. This return is also based on the same information required to complete the Federal Estate Tax Return, but there are various differences which must be considered in order to ensure that the correct tax is paid. The New Jersey Inheritance Tax is a credit against the New Jersey Estate Tax so that the total tax due to the State is the greater of the two. The New Jersey Inheritance Tax applies to New Jersey Residents and also to nonresidents who own property located in New Jersey.