Birdwatch Note Rating
2023-05-20 14:14:20 UTC - HELPFUL
Rated by Participant: CE4EC8DFDF4A4287291F2062EE92F45C726972332F3F4672D5719B4A93D68FEB
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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