Birdwatch Note Rating
2023-05-20 19:42:12 UTC - HELPFUL
Rated by Participant: 7B24DA7935CF6173ACCE836B266A4DE3FE2BB505197F6B8766689A40F6B34337
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
All Note Details