Tag Archive for inheritance tax

Will My Inheritance be Taxed?

Assets inherited by a surviving spouse are not taxed, but the inheritance of others may be.

Some states – such as Iowa — impose an inheritance tax. Other states – such as Minnesota – have an estate tax but not an inheritance tax. Still other states have neither an inheritance nor estate tax. The tax laws of the state where the deceased lived determines which state law applies. » Read more..

Death Means Tax Talk Galore. Oh My!

Most of us are familiar with income taxes and property taxes, but death triggers the discussion of a jungle of other taxes: estate taxes, inheritance taxes, capital gains taxes and gift taxes. What’s the difference? » Read more..