Taxes are imposed at death by the federal government in the form of an inheritance tax and by the state government in the form of an estate tax.

Question

Quizplus · Accepted Answer

Taxes are imposed on either the estate or the inheritance, but not both. Currently, only a handful of states have an estate tax, while there is no federal inheritance tax. However, some states do have an inheritance tax.

Taxes Are Imposed at Death by the Federal Government in the Form