Miami-Dade Florida Form 706-NA 2019-2025

Miami-Dade Florida Form 706-NA: What You Should Know

Florida state tax obligations The federal estate tax (section 6013(c)) imposes a federal tax liability and, as such, the state estate tax liability and general state taxes obligations to nonresidents. To qualify for Florida state income tax exemption, the nonresident death beneficiary needs a Florida state tax exemption. To qualify for a Florida state inheritance tax exemption, the nonresident death beneficiary needs a Florida death benefit exemption. The Florida state estate tax exemption is based on the nonresident death beneficiary's federal estate tax liability. A taxpayer who was a nonresident in Florida when his or her death occurred need not file a Florida estate tax return. However, if a nonresident death beneficiary dies while residing and qualifying in another jurisdiction (i.e., a domiciliary nonresident), the Florida estate tax return must be filed to satisfy the state estate tax exemption provided on the federal estate tax return. A nonresident death beneficiary need not file both an estate tax application for an estate tax exemption and a Florida estate tax return. For more information about nonresidents, see Nonresident Taxation, below. Florida state inheritance tax exemption. To qualify for a Florida exemption of 11,000,000 from Florida estate taxes, the decedent's federal estate tax liability must be less than 3.9 million. For the 2025 return year, the federal estate tax liability calculation, using Florida tax rates and estate tax exemption amounts, is shown in figure 4. In 2018, if the decedent had an estate tax liability equal to 3,980,000 at the federal estate tax exemption amount of 16,900,000, Florida taxes would not exceed 0.75/dollar. The state exemption, 11,000,000, would exceed the state tax liability as shown previously in figures 3 and 4 and the federal estate tax liability remains at 3,980,000. Figure 4. Florida and Federal Estate Tax Return Calculation for United States decedents for 2018. Figure 5. U.S. State Estate Tax Return Calculation for U.S. decedents for 2018. Florida's death benefit exemption. The Florida death benefit exemption (section 6314(1)) provides a federal death benefit exemption to deceased Florida noncitizens. It covers 100% of the federal estate tax and federal inheritance tax. The Florida death benefit exemption is equal to the Florida state personal exemption. This amount does not include state taxes.

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