U.S. Chamber of Commerce
U.S. Chamber of Commerce

Inheritance taxes


An inheritance tax (which some states levy) is a death tax imposed on the right to inherit property. With such a tax, the amount of tax liability is determined, in part, by the relationship between the one who transfers the property and the one who receives it. This is to be contrasted with an estate tax, where the relationship between the transferor and the recipient is generally not relevant in determining the amount of tax liability.

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