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Marvin,EA
Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1672
Experience:  Enrolled to Represent Taxpayers Before The IRS
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how much would it be in the state nj for stae tax for the amount

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how much would it be in the state nj for stae tax for the amount of225,000.00
Submitted: 9 years ago.
Category: Tax
Expert:  Marvin,EA replied 9 years ago.
Hello and thank you for using Just Answer. If you are making a purchase in the State of New Jersey in the amount of $225,000 the amount of sales tax you would pay is $15,750 ($225,000 x .07). New Jersey charge 7% sales tax on qualify items.
Customer: replied 9 years ago.
no i am not buying property in nj i received an inheirtance from my father who lived i nj and has passed away what would the state tax on that amount 225,000.00 if any ty
Expert:  Marvin,EA replied 9 years ago.
There is no transfer inheritance tax in the State of New Jersey on Class "A" transferee's. Class "A" Transferee are inheritance from a parant.
Marvin,EA and other Tax Specialists are ready to help you