An inheritance tax is a state tax that is levied on inherited money or property and is paid by the beneficiaries. There are very few states that currently have an inheritance tax, and there are ...

There is no federal inheritance tax, and only five states have inheritance taxes. So unless the person who died lived in one of those states, you won’t have to pay an inheritance tax.

Other relatives are exempt aside from the five states previously mentioned. Often, estate and inheritance taxes are conflated, when they are somewhat different. Estate tax refers to taxation on an ...

An inheritance tax is a state tax on the estate of a decedent ... more than 180 days after a bankruptcy filing—most courts have ruled that these windfalls should be repaid to creditors, but ...

State Sen. Rob Clements of Elmwood has pushed during his eight years in office to eliminate the state’s inheritance tax, ...

Inheritance is only taxed if the deceased individual resided in one of the five aforementioned states. Therefore, if the heir ...

“We’d love to have someone come up with the silver ... a year after the senator’s attempt to fully phase out the state’s inheritance tax was shot down, mostly following opposition from ...