Inheritance taxes are rare and can surprise you after a loved one dies. Here's what to know about how they work, who pays them, and how to avoid them.

IHT is calculated on the value of an estate at the date of death, and must usually be paid within six months. If a property ...

Inheritance Tax vs. Estate Tax. Inheritance and estate taxes are two distinct types of taxes that states may charge. With the exception of Maryland, all other states charge either estate or ...

States with inheritance tax. Only six states impose an inheritance tax on beneficiaries for 2024: Iowa: 2% to 6% (Note: Iowa will eliminate its inheritance tax on January 1, 2025.) Kentucky: 4% to 16% ...