Short Answer: In 2024, only six states charged inheritance tax, and the number will drop to five in 2025. Find inheritance tax rates and exemptions below. An inheritance usually comes with the loss of ...

An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries directly, while separate estate taxes may apply before assets are distributed.

When someone dies, states might impose an inheritance tax on money or other assets transferred from the deceased person’s estate to the heirs or surviving family members. But most states do not impose ...