:rolleyes: I recently received a small inheritance. Am I obligated to pay taxes on this money?
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:rolleyes: I recently received a small inheritance. Am I obligated to pay taxes on this money?
Eleven states still collect an inheritance tax. They are: Connecticut, Indiana, Iowa, Kansas, Kentucky, Maryland, Nebraska, New Jersey, Oregon, Pennsylvania and Tennessee.
Probably not. Inheritance taxes are usually keyed to the estate tax minimum, which is currently $2 MILLION.
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