An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky, Maryland, ...

If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to ...

Inheritance tax is a state-level tax that some beneficiaries must pay when they receive inherited assets — and only a few states still impose it in 2026. Unlike estate tax, which is paid by an estate ...