Birdwatch Note Rating
2023-05-20 13:18:19 UTC - HELPFUL
Rated by Participant: D7DE205819E57A8A9C847333D21002595F7CED51AD9E8B05C8E2F256274D15CD
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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