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There is no federal inheritance tax, but there is a federal estate tax.

A few states have a state inheritance tax and each state sets its own tax rate.

You may be seeking information about the estate tax (which taxes the value of an estate after someone has died). Be sure you know the difference.

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Q: What is the inheritance tax for 2008?
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Related questions

Does Louisiana have an inheritance tax?

The Louisiana inheritance tax is imposed on the heirs or legatees of a decedent for the privilege of receiving property from the deceased. Effective January 1, 2008, inheritance tax shall not apply to deaths occurring after June 30, 2004. See Acts 2008, No. 822.


Does Arizona have an inheritance tax?

No, Arizona does not have an inheritance tax. Inheritance tax is a state tax that is imposed on the beneficiary of an inheritance, while estate tax is imposed on an estate before it is distributed to beneficiaries.


Does Minnesota have an inheritance tax?

No. Minnesota does not have an inheritance tax.


Is there inheritance tax for 2010?

there is no inheritance tax in 2010


Pay tax on inheritance in Canada?

do you have to pay tax on inheritance


What is the Virginia STATE inheritance tax rate?

Virginia does not have an inheritance tax. But they do have an estate tax.


What is inheritance tax limits?

Inheritance tax limits are basically limits of tax that the company has to pay from the inheritance of the dead. This would then regulate the inheritance rate from the life insurance.


Is there inheritance tax in Tennessee?

Effective beginning in 2016 Tennessee eliminated the state inheritance tax.


Does West Virginia have an inheritance tax?

West Virginia does not have an inheritance tax.


Does WA have an inheritance tax?

Washington state replaced its inheritance tax with an estate tax in 1982.


Who can tell me what is inheritance tax?

Inheritance tax is the tax that you have to pay if you gain some kind of income through an inheritance fund. It is like adding to the income you gain through inheritance.


Do you pay income tax on inheritance?

No Federal income tax due on inheritance.