estate tax

Estate tax is a tax the government may charge on the value of a person’s assets when they die, before the property is passed on to heirs or beneficiaries. It generally applies only if the estate is above certain exemption thresholds and is paid from the estate rather than directly by the heirs.

Map showing 17 states with inheritance or estate taxes

Inheritance Tax vs. Estate Tax – The 17 States That Still Charge You

Estate Planning, Inheritance & Wealth Transfer, Personal Finance, State Laws & Regulations, Taxes & Tax Planning /

Inheritance tax and estate tax are different—and only 17 states still impose one, the other, or both. Estate tax is paid by the estate before assets are distributed, while inheritance tax is paid by certain beneficiaries who receive property. This article explains the key differences, which states still tax inheritances or estates, who owes the […]

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