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2. Estate Tax vs. Inheritance Tax: What’s the Difference? - AOL

   www.aol.com/estate-tax-vs-inheritance-tax...

   For instance, in Pennsylvania, direct descendants (children, grandchildren) pay a 4.5% tax, siblings pay 12% and more distant heirs or unrelated inheritors pay 15%. Inheritance tax exemptions ...

3. What Is Inheritance Tax? A Guide to Costs and Who’s ... - AOL

   www.aol.com/inheritance-tax-happens-split...

   The specifics of the inheritance tax vary by state, but all the states with an inheritance tax-exempt the surviving spouse from the inheritance tax and provide an exemption amount for different ...

4. Estate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Estate_tax_in_the_United...

   Inheritance taxes are paid not by the estate of the deceased, but by the inheritors of the estate. For example, the Kentucky inheritance tax "is a tax on the right to receive property from a decedent's estate; both tax and exemptions are based on the relationship of the beneficiary to the decedent." [52]

5. Considering Early Inheritance? How to Navigate Gift and ... - AOL

   www.aol.com/considering-early-inheritance...

   Gift Tax Rules under current IRS guidelines, have two primary areas: 1) Annual Exclusions, which addresses gifts to individuals, and 2) Lifetime Exemptions, which refers to one’s estate.

6. Inheritance Tax: What It Is, Who Pays and State-Specific Rules

   www.aol.com/finance/much-inheritance-tax-rates...

   Tax beneficiaries pay an inheritance tax when they inherit assets such as money or property from someone who has died. This only applies when a deceased person’s lived or owned property in a ...

7. How to calculate taxes on an inherited annuity - AOL

   www.aol.com/finance/calculate-taxes-inherited...

   Paying taxes on an inheritance can be tricky, and that may be especially true if you’re dealing with an inherited annuity. The tax liability changes based on how the annuity was funded, whether ...

8. How to Avoid Hefty Inheritance Taxes - AOL

   www.aol.com/strategies-avoid-inheritance-taxes...

   The estate tax, sometimes called the "death tax," is money taken by the government from the estate of a recently deceased person before it's passed on to their family, friends and other beneficiaries.

9. IRS Changes Could Rewrite Your Inheritance Strategy ... - AOL

   www.aol.com/finance/want-leave-assets-heirs-irs...

   In 2021, 6,158 estates were required to file estate tax returns, with just 2,584 of them (42%) paying any tax at all. By including the irrevocable trust assets in the taxable estate, heirs who are ...