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.

Is there a federal estate tax? Which states have an estate tax? Can I avoid paying estate tax? Bottom line Estate taxes and inheritance taxes are often discussed together, but they are different ...

Republican lawmakers are working to nix the federal inheritance tax, otherwise known as the "death tax." According to Fox ...

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 ...

A reduced version of the inheritance tax is on the table to start this legislative session, a bill which seeks to reduce tax ...

“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 ...

If you received a windfall from a loved one, you may wonder whether you need to pay an inheritance tax on your distribution. “An inheritance tax is often used synonymously with estate tax.

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