This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
There’s even one U.S. state that levies both an estate tax and an inheritance tax on its residents. PeopleImages.com – Yuri A / Shutterstock.com
A majority of states do not tax the property or other wealth you leave behind when you die. However, in some states, your estate or your heirs might owe estate or inheritance taxes if the value of your estate or their inheritance from you exceeds a certain amount. Currently, a dozen states as well as Washington, D.C., have an estate tax, Nolo reports. Six states have an inheritance tax…
More from my site
This 1 Tip Helped Me Stop Worrying About My Brokerage Account
Here’s How to Know When It’s Time to Refinance Your Mortgage
Transferring Credit Card Rewards to a Travel Partner? Do This First
3 Signs You Aren’t Ready to Start Investing
Planning to Write Off Your Property Taxes on Your Upcoming Return? Here’s Why You May Not Be Able To
Why I’m Not Opening Any CDs in 2024 — Even Though Rates Are Up to 5.5%
