Birdwatch Note Rating
2023-05-23 14:22:36 UTC - HELPFUL
Rated by Participant: 05C5FAB35AE3BB887DEAFEEC6EADAAE7D3335A4558B5AC2208F6B5209A61A70F
Participant Details
Original Note:
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
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