according to the IRS, it's a tax "on your right to transfer property at your death." In 2024, the federal estate tax ranges from 18% to 40%, depending on how much the value of the estate exceeds ...

Inheritance taxes are paid by heirs on received amounts, varying by state. Federal estate tax applies only to estates over $13.61 million at rates up to 40%. Key findings are powered by ChatGPT ...