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An inheritance tax is a tax paid by heirs or beneficiaries of an inheritance, according to Investopedia. An inheritance tax rate depends on the value of the asset received or the relationship to the descendant. More »

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If there is no will in place to determine who inherits a decedent's assets, the order of inheritance is determined by state law, which varies, according to Nolo. Generally, spouses, domestic partners and blood relatives ... More »

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Canada does not charge any inheritance tax; however, before distributing money to inheritors, the deceased person's estate must settle final taxes with the Canada Revenue Agency, states TurboTax. These final taxes includ... More »

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State inheritance tax in Pennsylvania is reduced by 5 percent if the heirs pay the full tax within three months after the decedent dies, reports the Pennsylvania Department of Revenue. Some beneficiaries don't have to pa... More »

www.reference.com Business & Finance Taxes

As of 2015, only six states have an inheritance tax, which taxes heirs based on their relationships to the deceased. Tax rates range from 0 to 10 percent in Maryland; from 0 to 15 percent in Iowa and Pennsylvania; from 0... More »

www.reference.com Business & Finance Taxes

Common questions about the Pennsylvania inheritance tax are related to tax rates, availability of discounts and lineal heirs. Other frequently asked questions are about the types of property subject to the tax and where ... More »

www.reference.com Business & Finance Taxes

TurboTax reports that as of tax year 2013, only eight states require beneficiaries to pay an inheritance tax: Iowa, Pennsylvania, Kentucky, Nebraska, Maryland, Indiana, Tennessee and New Jersey. For tax purposes, unless ... More »

www.reference.com Business & Finance Taxes