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Retirement tax questions
At present (2022) only 6 states have an inheritance tax, but when one exists the tax is imposed by the state where the deceased lived, not by the state where the beneficiary resides.
The six states are: Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎September 4, 2022
8:00 AM