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2. Estate tax in the United States - Wikipedia

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

   The term "death tax" more directly refers back to the original use of "death duties" to address the fact that death itself triggers the tax or the transfer of assets on which the tax is assessed. While the use of terms like "death duty" had been known earlier, specifically calling estate tax the "death tax" was a move that entered mainstream ...

3. RMDs After Death: How Do You Calculate the Required Amount? - AOL

   www.aol.com/calculate-rmd-death-130000536.html

   If you inherit an IRA or 401(k) and fail to take the RMD for the year of the account owner’s death, a 50% tax penalty applies. ... A financial advisor can help you navigate an inheritance.

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

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

   If you live in a state where you do have to pay tax on inheritance, here are a few tips to avoid, or at least lessen the tax bill for you or your loved ones: Consider giving your assets away when ...

5. 7 Things You Must Not Do If You Receive an Inheritance - AOL

   www.aol.com/finance/7-things-must-not-receive...

   “An individual once approached me, having exhausted their inheritance on luxury items and extravagant travel, only to find themselves facing a significant tax obligation,” Ryan continued.

6. 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]

7. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   A stepped-up basis can be higher than the before-death cost basis, which is the benefactor's purchase price for the asset, adjusted for improvements or losses. Because taxable capital-gain income is the selling price minus the basis, a high stepped-up basis can greatly reduce the beneficiary's taxable capital-gain income if the beneficiary ...

8. States With Inheritance Tax - AOL

   www.aol.com/states-inheritance-tax-130000515.html

   States With Estate Tax. State. Tax Rates. Exemption Limit. Due Date. Connecticut. 7.2% to 12%. $2.6 million. 9 months after the date of the decedent’s death

9. Tax-deductible loss - Wikipedia

   en.wikipedia.org/wiki/Tax-deductible_loss

   To qualify, the loss must not be compensated by insurance and it must be sustained during the taxable year. If the loss is a casualty or theft of personal property of the taxpayer, the loss must result from an event that is identifiable, damaging, and sudden, unexpected, and unusual in nature, not gradual and progressive.