trying to fine out how much tax is on inheirends
2007-07-27 11:29:54 · 3 answers · asked by tinafuller8607@sbcglobal.net 1 in Business & Finance ➔ Taxes ➔ United States
In the US, there is no Federal tax on inheritance. Some states still levy an inheritance tax but this is usually paid by the estate on your behalf. Check with the executor of the estate for information on the state tax treatment.
2007-07-27 11:34:23 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
If the estate is big enough, there can be a federal estate tax that would be paid by the state, but for most people, that doesn't apply due to the size of their estates. State inheritance taxes vary depending on state law, and often on the relationship of the heir to the decedent.
2007-07-27 19:32:12 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
its spelled INHERITANCE.
How big? what country? you gave no details
2007-07-27 18:31:48 · answer #3 · answered by Anonymous · 0⤊ 1⤋