Inheritance tax

[...] Taxes Inheritance taxes are collected when someone dies and money changes hands.  The inheritance tax is not the same as the estate tax- it’s levied by a different government and paid by [...]

[...] when someone dies and money changes hands.  The inheritance tax is not the same as the estate tax- it’s levied by a different government and paid by different people. States collect the [...]

[...] because of changes in federal tax code.  More on that below…see “Why Estate Taxes All But Disappeared in 2005″ Minnesota has no inheritance tax but they do have an estate [...]

[...] own estate tax.  Most states kept their estate tax laws tied to the Feds, so if the Feds reinstate that estate tax credit for estate taxes paid to a State government, those states will again [...]

[...] inheritance tax but there is an estate tax but it’s not collected because of changes in federal tax code.  More on that below…see “Why Estate Taxes All But Disappeared in 2005& [...]

[...] is a good place to be since there is no inheritance tax, no personal income tax, and no corporate tax either.] South Dakota, no inheritance tax since 2001, no income tax. Kansas.  They not [...]

[...] .  So…yes and no for New Mexico Texas Louisiana.  Heirs must file an estate transfer tax return, but no tax is to be paid. Mississippi Alabama Georgia California Nevada…of [...]

[...] have an estate tax on anything over a million dollars.  They also have pretty high income tax rates compared with other states, just letting you know. Illinois.  They have an [...]

[...] - no inheritance tax but there is an estate tax on anything over $1 million. Vermont Massachusetts Delaware Washington, D.C. on $1 million or more Why State EstateTaxes All But Disappeared in 2005 [...]