wire nut
Jan 26, 2008, 04:37 AM
:rolleyes: I recently received a small inheritance. Am I obligated to pay taxes on this money?
tickle
Jan 26, 2008, 04:41 AM
Eleven states still collect an inheritance tax. They are: Connecticut, Indiana, Iowa, Kansas, Kentucky, Maryland, Nebraska, New Jersey, Oregon, Pennsylvania and Tennessee.
AtlantaTaxExpert
Jan 27, 2008, 08:52 PM
Probably not. Inheritance taxes are usually keyed to the estate tax minimum, which is currently $2 MILLION.