Birdwatch Note Rating
2023-05-21 07:12:52 UTC - HELPFUL
Rated by Participant: 262128757390190CFD08B1B05BF647C18BA2E4874E3E132964F9DB0574474F0D
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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