Birdwatch Note Rating
2023-05-20 13:05:08 UTC - HELPFUL
Rated by Participant: CFA16024429A6F14F8F04131B347CAEBDA7C437A7729042E940439D159FC7DE0
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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