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?

FIRST ON FOX: Republican lawmakers are mounting a massive effort to repeal the federal inheritance tax, colloquially known as the "death tax." Rep. Randy Feenstra, R-Iowa, is leading more than 170 ...

The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030 as proposed in the Tax Reform Bills being debated at the ...

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

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

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 ...

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

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

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

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 ...