The inheritance tax is paid by the heirs. The federal government has only an estate tax, but states can have one, both, or none, which can make death taxes even more confusing. Need a break?

If you’re biding your time until Mom or Dad or that rich uncle passes on, passing their wealth to you, then prepare yourself ...

Death can be a tax-triggering event. And there are two you should be aware of: the estate tax and inheritance tax.

Estate tax changes in 2025. The Tax Cuts and Jobs Act of 2017 significantly raised the federal estate tax ceiling, but its ...

Iowa has the lowest state inheritance tax, at a maximum of 2%. Kentucky and New Jersey have the highest, at a top rate of 16%, but they are among a group of three states that offer exemptions up to a ...

Here are eight types of income that are free from federal taxes. Child support payments are nontaxable income for those who ...

One of the most common questions I hear from clients in my estate planning practice is: "Will my heirs have to pay taxes on ...

The House of Representatives has retained Value Added Tax (VAT) at 7.5%, rejecting a proposed gradual increase to 15% by 2030.

But they won’t be required to pay federal gift taxes until they give away millions during their lifetimes. If you receive an inheritance, you won’t owe any estate tax. The deceased person’s ...

The deadline for the Federal Civil Service Commission (FCSC) recruitment application has been extended to March ...