If you received a windfall from a loved one, you may wonder whether you need to pay an inheritance tax on your distribution. “An inheritance tax is often used synonymously with estate tax. There’s a ...

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, ...

That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.

Several arrests’ as convoy of tractors come to capital on Budget Day in protest at the Family Farm Tax, bringing central ...