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  2. 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. ... Nebraska, New Jersey and Pennsylvania. State inheritance taxes range ...

  3. 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 ...

  4. Inheritance tax - Wikipedia

    en.wikipedia.org/wiki/Inheritance_tax

    These beneficiaries are exempt from inheritance tax. Pennsylvania: Inheritance tax is a flat tax on the value of the decedent's taxable estate as of the date of death, less allowable funeral and administrative expenses and debts of the decedent. Pennsylvania does not allow the six-month-after-date-of-death alternate valuation method that is ...

  5. States With Inheritance Tax - AOL

    www.aol.com/finance/states-inheritance-tax...

    Which States Have Inheritance Tax Here are the six states with inheritance tax: Iowa Kentucky Nebraska New Jersey Maryland Pennsylvania Check out the following table to see state taxes on ...

  6. Estate tax in the United States - Wikipedia

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

    The caption for section 303 of the Internal Revenue Code of 1954, enacted on August 16, 1954, refers to estate taxes, inheritance taxes, legacy taxes and succession taxes imposed because of the death of an individual as "death taxes". That wording remains in the caption of the Internal Revenue Code of 1986, as amended. [88]

  7. Pennsylvania Department of Revenue - Wikipedia

    en.wikipedia.org/wiki/Pennsylvania_Department_of...

    The Pennsylvania Department of Revenue (DOR) is an agency of the U.S. state of Pennsylvania. The department is responsible for collecting all Pennsylvania taxes, including all corporate taxes and taxes on inheritance, personal income, sales and use, realty transfer, motor fuel, and all other state taxes. [1]

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

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

    You only have to pay inheritance tax if you live in a state that requires it. The tax rates in these states range from 0% to 16% on assets with a value greater than the statutory threshold ...

  9. List of countries by inheritance tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    This is the list of countries by inheritance tax rates. Inheritance tax or estate tax is the tax levied upon the wealth of a person at the time of their death before it is passed on to their heirs. [1] [2] [3]

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