inheritance tax

Inheritance tax is a tax some jurisdictions charge on people who receive money, property, or other assets from someone who has died. It usually depends on the value of what you inherit and your relationship to the deceased, and it is separate from any estate tax owed by the estate.

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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