A type of wealth transfer tax in which the recipient, rather than the donor’s estate, is taxed. An inheritance tax applies to the gifts and bequests a taxpayer receives. Unlike estate and gift taxes, ...

State and local governments collected a combined $6.7 billion in revenue from estate and inheritance taxes in 2021. An estate tax is levied on the estate of the deceased while an inheritance tax is ...

Rachel Reeves has directly dismissed speculation that Labour would scrap the inheritance tax seven-year rule, stating she has "no plans to make changes". The Chancellor's statement comes amid growing ...

New Jersey is a less expensive state to die in these days, but it's one of just a handful of states with an inheritance tax still on the books. That means, if someone you love passes away and ...