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-   -   Death Benefit (https://www.askmehelpdesk.com/showthread.php?t=245223)

  • Aug 4, 2008, 12:26 PM
    aprice76
    Death Benefit
    Hello! My great grandmother recently passed away and I will be receiving a death benefit (nothing huge, I think it is around $2500.00 after her other beneficiaries got their cut) from her teacher retirement. Will this be taxed, and if so what is the going tax rate for something like that?
  • Aug 4, 2008, 12:31 PM
    tickle
    Some states don't have inheritance tax.
  • Aug 5, 2008, 12:38 AM
    MukatA
    There is no federal tax on inheritances. Some states do tax inheritances. For more information read: Your U.S. Tax Return: Tax on Inheritances
  • Aug 7, 2008, 10:04 AM
    AtlantaTaxExpert
    The amount in question is so small that I wold be SHOCKED if any taxes were due.

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