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If you're a working american citizen, you most likely have to pay your taxes.
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Real estate taxes are necessary components of any real estate investment.
If you're a working american citizen, you most likely have to pay your taxes. As the old adage goes, taxes are a fact of life. Learn more about property taxes, tax deductions, and capital gains taxes here. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. Most americans won't be subject to the federal estate tax, thanks to the big exemption, but some states still collect one. There is no california estate tax. However, currently very few estates end up paying estate taxes because the federal estate taxes only apply to the very rich, and most states don't have estate. This section contains information on topics such as tax credits, rental income and expenses, and the sale of your residence. No matter the size of the estate, california won't levy a tax on it. The state collects both an estate tax and an inheritance tax. Massachusetts is among one of several states that still assesses separate. In massachusetts, the commonwealth collects an estate tax when a person dies in some situations. This is separate from any taxes the federal government will collect.
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