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1. www.fool.com › research › estate-inheritance-taxes2023 Estate and Inheritance Taxes by State | The Motley Fool

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   Jul 7, 2023 · Learn how estate and inheritance taxes work, who pays them, and which states have them. Compare the federal and state tax rates, exemptions, and thresholds for 2023.

2. www.policygenius.com › estate-planning › state-byInheritance Taxes by State (2024) – Policygenius

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   Jan 17, 2023 · Learn how inheritance tax is collected and who has to pay it in six states: Iowa, Kentucky, Maryland, New Jersey, and Pennsylvania. Compare inheritance tax rates, filing deadlines, exemptions, and discounts for each state.

3. www.aarp.org › money › taxes17 States With Estate Taxes or Inheritance Taxes - AARP

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   Mar 9, 2022 · Learn about the 17 states and D.C. that impose taxes on estates or inheritances, and how they differ from the federal estate tax. Find out the exemption levels, rates and exceptions for each state.

4. www.thebalancemoney.com › state-inheritance-taxState Inheritance Tax Chart - The Balance

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   Nov 14, 2022 · Only six U.S. states levy an inheritance tax: Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. 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.

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6. smartasset.com › taxes › all-about-the-inheritance-taxFederal and State Guide for Inheritance Tax - SmartAsset ...

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   Dec 18, 2023 · As you can see, there are only six states with inheritance taxes. Overall, inheritance tax rates vary based on the beneficiary’s relationship to the deceased person.

7. taxfoundation.org › data › allDoes Your State Have an Estate or Inheritance Tax?

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   Oct 10, 2023 · Estate Tax Rates Inheritance tax Rates; Connecticut: $12,920,000 : 12%: Hawaii: $5,490,000 : 10.0% - 20.0%: Illinois: $4,000,000 : 0.8% - 16.0%: Iowa: 0-6%: Kentucky: 0-16%: Maine: $6,410,000 : 8.0% - 12.0%: Maryland: $5,000,000 : 0.8% - 16.0%: 0-10%: Massachusetts: $2,000,000 : 0.8% - 16.0%: Minnesota: $3,000,000 : 13.0% - 16.0%: Nebraska: 0 ...

8. People also ask

   What is an inheritance tax?

   • An inheritance tax requires beneficiaries to pay taxes on assets and property they’ve inherited from someone who has died. Sometimes an inheritance tax is used interchangeably with the term “estate tax.” Both are forms of so-called death taxes, but they’re two different types of taxes.

   Federal and State Guide for Inheritance Tax - SmartAsset

   smartasset.com/taxes/all-about-the-inheritance-tax

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   How much tax do you pay on an inheritance?

   • Any inheritors who are the deceased person’s brother, sister, son-in-law, daughter-in-law, or the civil union partner of their child will need to pay tax on an inheritance worth more than $25,000. Then there are four marginal tax brackets with rates ranging from 11% to 16%.

   Inheritance Taxes by State (2024) – Policygenius

   www.policygenius.com/estate-planning/state-by-state-guide-to-inheritance-taxes/

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   Which state has the highest inheritance tax?

   • Washington has the highest estate tax at 20%, which is applied to the portion of an estate's value greater than $11,193,000. Inheritance tax rates depend on the beneficiary's relation to the deceased, and, in each state, certain types of relationships are exempt from inheritance tax. Estate vs. inheritance taxes: What's the difference?

   2023 Estate and Inheritance Taxes by State | The Motley Fool

   www.fool.com/research/estate-inheritance-taxes/

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   Which states have inheritance taxes?

   • Iowa, Kentucky, Nebraska, New Jersey and Pennsylvania have only an inheritance tax — that is, a tax on what you receive as the beneficiary of an estate. Kentucky, for example, taxes inheritances at up to 16 percent. Spouses and certain other heirs are typically excluded by states from paying inheritance taxes.

   17 States With Estate Taxes or Inheritance Taxes - AARP

   www.aarp.org/money/taxes/info-2020/states-with-estate-inheritance-taxes.html

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9. taxfoundation.org › data › allState Estate Tax Rates & State Inheritance Tax Rates | Tax ...

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   Jun 21, 2022 · Explore 2022 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.