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Level 2
August 31, 2022
Question

Inheritance

  • August 31, 2022
  • 1 reply
  • 1 view

How much may each person inherit prior to the amount being taxed?  

    1 reply

    Level 15
    August 31, 2022

    There is no tax liability for the recipient of an inheritance.  Estate tax doesn’t apply until over 11 million.  State rules vary.