New Jersey Inheritance Tax

New Jersey Inheritance Tax Calculator New Jersey Inheritance Tax Calculator

New Jersey Inheritance Tax Calculator

New Jersey Inheritance Tax — Quick Calculator (per beneficiary)

Instant calculation as you type. Educational tool; actual returns consider situs, contingencies, trusts, prior transfers, and waivers.

1) Beneficiary & share

2) Situs toggle

If checked, tax = $0 (status-based exemption). Otherwise, calculator assumes the share is NJ-taxable.

3) Results

Class / exemption used
Class A — exempt
Estimated inheritance tax
$0
Payment timing
Due in 8 months
Interest of 10% per year begins after 8 months if tax remains unpaid. Waivers (L-8/L-9) are needed to release many NJ assets and real estate titles.

How to Use the New Jersey Inheritance Tax Calculator

This tool estimates New Jersey Transfer Inheritance Tax for planning and checklist prep. Results are illustrative; the Division of Taxation’s review and issued tax waivers (or L-8/L-9 where eligible) control closings and transfers.

  1. Select residency (resident or nonresident).
    • Resident decedent: Analyze transfers to Class C/D beneficiaries; Class A (spouse/DP, lineal, parents, stepchildren) are exempt but may still need waivers.
    • Nonresident decedent: Include only NJ-situs real property and tangible personal property. Intangibles (bank/brokerage/stock) are generally excluded unless there is a New Jersey business situs.
  2. Enter asset values
    • Use date-of-death fair market value (appraisal for real property recommended; credible guides/invoices for tangibles).
    • If trusts/life estates/QTIP are involved, enter the underlying value of NJ-situs assets potentially taxable when possession/enjoyment shifts at death.
  3. Add beneficiaries by class
    • For each recipient, pick Class A / C / D and enter the amount attributable to NJ-situs assets.
    • The calculator applies class-specific exemptions and rates and totals the estimated tax.
  4. Review your results
    • Per-beneficiary lines: class, exemption used, taxable amount, computed tax.
    • Estate total: sum of all lines = estimated NJ inheritance tax.
    • Timing cue: Returns are due 8 months after death; interest accrues on unpaid tax after that date.
  5. Export or print the worksheet
    • Attach to your IT-R (resident) or IT-NR (nonresident) drafting file and use as a schedule for beneficiaries/valuations.
    • Plan waiver logistics: L-8/L-9 for eligible Class A scenarios; otherwise wait for Division-issued waivers.

Tips: (1) Build a beneficiary class matrix before data entry. (2) In life-estate → remainder cases to Class C/D, model potential full-value inclusion when the interest shifts at death. (3) For nonresidents, confirm where tangibles were physically located/garaged at death and document it.

Need next steps? See Forms & Deadlines (8-month rule, waivers), the Nonresident Guide (situs & business-situs rules), and Planning strategies.