Birdwatch Note Rating
2023-05-20 14:14:20 UTC - HELPFUL
Rated by Participant: EA97B506F01644B478A4D09FE0CF15282F5CC07EBAC3D6743A5F7633269227EA
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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