Inheritance taxes are paid by certain heirs and beneficiaries when they receive an inheritance. In all states, the surviving spouse does not have to pay the inheritance tax.
Depending on the state, sometimes children are taxed at a low rate.
As the beneficiary becomes a more distant relative or non-relation, the highest rates start to kick in.
States with an inheritance tax, and highest tax rate:
Iowa - 15%
Kentucky - 16%
Maryland - 10%
Nebraska - 18%
New Jersey - 16%
Pennsylvania - 15%
Feel free to reach out with questions or feedback: email@example.com