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

    Jul 30, 2013, 03:41 PM
    Do I have to pay taxes on an inheritance (my dad died) of $53,000 in Texas in 2013?
    My dad died in April of 2013. He left me and my siblings approx $53,000 each. We live in Texas. Will we have to pay taxes (or anything else) on that inheritance? Thanks.
    tickle's Avatar
    tickle Posts: 23,801, Reputation: 2674
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    #2

    Jul 30, 2013, 04:56 PM
    There is no inheritance tax in Texas
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,815, Reputation: 846
    Senior Tax Expert
     
    #3

    Jul 30, 2013, 07:22 PM
    Agreed, and the amount is way too small of federal estate taxes, which are paid by the estate BEFORE you get the inheritance.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #4

    Jul 30, 2013, 11:41 PM
    There is no federal tax for inheritances.

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