Birdwatch Archive

Birdwatch Note

2023-05-20 12:05:05 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The increased estate tax exemptions will sunset in 2025. Although Feds do not have an inheritance tax, several states do. In addition, beneficiaries of any estate can be taxed at both a federal and state level. Inherited IRA (401k) requires mandatory taxable withdrawals https://taxfoundation.org/state-estate-tax-state-inheritance-tax-2021/ https://www.kiplinger.com/retirement/estate-planning/601544/federal-estate-tax-exemption-is-set-to-expire-are-you-prepared

Written by AACCC71FD9DEFAD8C08C21220E7DF9B0D17A651880639CC58F24999A3ECE55A8
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• noteId - 1659893003069054976
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• noteAuthorParticipantId - AACCC71FD9DEFAD8C08C21220E7DF9B0D17A651880639CC58F24999A3ECE55A8 Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The increased estate tax exemptions will sunset in 2025. Although Feds do not have an inheritance tax, several states do. In addition, beneficiaries of any estate can be taxed at both a federal and state level. Inherited IRA (401k) requires mandatory taxable withdrawals https://taxfoundation.org/state-estate-tax-state-inheritance-tax-2021/ https://www.kiplinger.com/retirement/estate-planning/601544/federal-estate-tax-exemption-is-set-to-expire-are-you-prepared