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

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   Surviving spouses: No inheritance tax rate. Siblings, parents, children and grandchildren: No taxes on amounts up to $100,000, then 1% ... If you live in a state where you do have to pay tax on ...

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

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   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.

4. Do I Pay Taxes Automatically If I Inherit Property? - AOL

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   Cash that you inherit is taxed through either inheritance taxes (when applicable) or through estate taxes. In the case of inheritance taxes, it is your responsibility to file and pay this tax. In ...

5. 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]

6. States With Inheritance Tax - AOL

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   States With Inheritance Tax. State. Tax Rates. Exempt Assets. Exempt Beneficiaries. Due Date. Iowa. 5% to 15%. Estates worth less than $25,000; Life insurance policies paid to named beneficiaries

7. These Are The States That Charge Inheritance Taxes - AOL

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   Estate taxes can take a bite out of your inheritance income. While many beneficiaries can avoid the brunt of inheritance taxes, they will have to pay income tax on estate distributions.

8. 6 Things to Do Before You Inherit Your Parents' House - AOL

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   Prepare to inherit your parents' home with these tips on wills, trusts, mortgages, and taxes. Taking steps today will make the process easier during a tough time. 6 Things to Do Before You Inherit ...

9. Do I Pay Taxes Automatically If I Inherit Property? - AOL

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   When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property. Do I Pay Taxes Automatically If I Inherit ...