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    aprice76's Avatar
    aprice76 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 4, 2008, 12:26 PM
    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?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Aug 4, 2008, 12:31 PM
    Some states don't have inheritance tax.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Aug 5, 2008, 12:38 AM
    There is no federal tax on inheritances. Some states do tax inheritances. For more information read: Your U.S. Tax Return: Tax on Inheritances
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Aug 7, 2008, 10:04 AM
    The amount in question is so small that I wold be SHOCKED if any taxes were due.
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