Pick-Up Tax

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Dictionary Says

Definition of 'Pick-Up Tax'

A tax imposed by state authorities based on the estate tax credit the U.S. federal government allows on the federal estate tax return. As this tax is imposed at the state level, the amounts owing vary state to state. And because estates are taxed at the federal level only when the minimum federal estate threshold has been surpassed, state pick-up taxes are not always applied.
Investopedia Says

Investopedia explains 'Pick-Up Tax'

States which do not have an estate, or death, tax will "pick up" additional taxes from the estate of the deceased above and beyond what is owed to the feds. This simple method of determining the estate’s state-tax liability allows states to avoid having to establish the complex guidelines for an estate tax of their own.
Search results for

'Pick-Up Tax'

  • Get Ready For The Estate Tax Phase-Out

    http://www.investopedia.com/articles/pf/05/EstateTaxPhaseOut.asp
    ... estates. (This is called a "pick-up" or "sop" tax.) This had been the case
    since 1926, but now, under EGTRRA, that is gone. Consequently ...

  • How The Wealthy Slash Their Income Tax Bills - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/How-The-Wealthy-Slash-Their-Income-Tax-Bills.aspx
    ... Medicare. Self-employed workers pay almost double those amounts since they
    have to pick up the employer's share of the tax. Employees ...

  • How To Find The Right Tax Preparer - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/How-To-Find-The-Right-Tax-Preparer.aspx
    ... Having a preparer you communicate well with also makes it easy to pick up the phone,
    during the year, and ask questions about your tax situation. ...

  • Moving And Your Car: Excise Taxes - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/Moving-And-Your-Car-Excise-Taxes.aspx
    ... up this extra expense. If your company doesn't explicitly include it in its moving
    compensation package, it doesn't hurt to ask. In some cases, this excise tax ...

  • 5 Ways To Save On Child Care Costs

    http://www.investopedia.com/articles/pf/09/daycare-saving-tips.asp
    ... Advertisement - Article continues below. Use Tax Leverage Uncle Sam might pick up
    some of your child care tab via a tax credit for children and dependents. ...

  • When You Shouldn't Get a Second Job - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/When-You-Shouldnt-Get-a-Second-Job.aspx
    ... When budgets are tight and your expenses simply cannot get any lower, it may be
    tempting to pick up a second job to make ends meet. ... Tax bracket. ...

  • 4 Ways Bonds Can Fit Into Your Portfolio - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/4-Ways-Bonds-Can-Fit-Into-Your-Portfolio.aspx
    ... (To learn more, read Avoid Tricky Tax Issues On ... sacrificing quality but still sticking
    in the investment grade category can allow for some pick up in yield. ...

  • 5 Lesser-Known Retirement And Benefit Plans

    http://www.investopedia.com/articles/retirement/5-lesser-known-retirement-plans.asp
    ... both employer and employee contributions into the plan that grow on a tax-deferred
    basis until retirement. These plans typically have a "pick-up" provision in ...

  • Four Stocks The Insiders Are Buying

    http://stocks.investopedia.com/stock-analysis/2011/Four-Stocks-The-Insiders-Are-Buying-PERY-BONT-SLB-FITB1129.aspx
    ... away from the malls. A few insiders were able to pick up shares of retail
    stocks ahead of the activity. A major financial institution ...

  • Freelancing 101: Alternatives To Unemployment - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/Freelancing-101-Alternatives-To-Unemployment.aspx
    ... time salaried position. Logistically speaking, you can pick up work very
    quickly, and you're eligible for tax benefits. On your ...

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