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Jan 17, 2023 · State inheritance tax rates. There is no federal inheritance tax and only six states have a state-level tax: Iowa, Kentucky, Maryland, New Jersey, and Pennsylvania. Below are the ranges of inheritance tax rates for each state in 2023. Note that historical rates and tax laws may differ.
Jul 7, 2023 · Key findings. A federal estate tax ranging from 18% to 40% applies to all estates worth more than $12.92 million. 17 states and Washington, D.C., have estate or inheritance taxes. Maryland...
Mar 9, 2022 · Taxes on inheritances and estate assets, known as death taxes, are levied at various rates by 17 states and the District of Columbia.
Jun 21, 2022 · Of the six states with inheritance taxes, Nebraska has the highest top rate at 18 percent. Maryland—which also has an estate tax—imposes the lowest top rate at 10 percent. All six states exempt spouses, and some fully or partially exempt immediate relatives.
Oct 10, 2023 · Explore 2023 state estate tax rates and state inheritance tax rates. Compare estate tax rates by state and inheritance tax rates by state. In addition to the federal estate tax, with a top rate of 40 percent, some states levy an additional estate or inheritance tax.
Nov 14, 2022 · Six states collect a state inheritance tax as of 2022, and one of them—Maryland—collects an estate tax as well. The chart below shows the 2022 estate taxes for 12 states and the District of Columbia, as well as the exemption amount.
Feb 24, 2021 · Which states have an inheritance tax? Explore 2021 state estate tax rates and 2021 state inheritance tax rates. In addition to the federal estate tax, with a top rate of 40 percent, some states levy an additional estate or inheritance tax.
