Birdwatch Note Rating
2023-05-20 12:31:36 UTC - HELPFUL
Rated by Participant: B7D073519946D469C7120F9CBF0371C489031E3D6FAC0FCA7AF329BA053D1FBA
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