Birdwatch Note Rating
2023-05-20 13:04:23 UTC - HELPFUL
Rated by Participant: A0D7554E2FCD9B10EA033B6FDBFF994D522A7AEDFEA734703D1CDEA3A7C5EF08
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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