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2. 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]

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

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

   These examples apply to inheritance tax, which is a state tax on the money someone inherits. The federal government does not charge an inheritance tax, but it does have an estate tax.

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

   www.aol.com/finance/capital-gains-inherited...

   There are three main types of taxes that cover inheritances: Inheritance taxes - These are taxes that an heir pays on the value of an estate that they inherit. There are no federal inheritance ...

5. 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 ...

6. Gift tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Gift_tax_in_the_United_States

   A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."

7. Inheritance tax - Wikipedia

   en.wikipedia.org/wiki/Inheritance_tax

   An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. [1] However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, [ 2 ] and ...

8. How to Avoid Hefty Inheritance Taxes - AOL

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

   The inheritance tax, meanwhile, is levied on money after it has passed on to an heir. Money can be subject to both inheritance and estate taxes. There is no federal inheritance tax, but a number ...

9. Here Are the States With No Estate or Inheritance Taxes - AOL

   www.aol.com/states-no-estate-inheritance-taxes...

   In addition to federal taxes, many Americans face numerous types of state taxes. Although there are some states that don’t have income taxes, all states have some sort of revenue-generating ...