Birdwatch Note Rating
2023-05-21 01:08:44 UTC - HELPFUL
Rated by Participant: EB794CE7C27DC5F246EA844BE7DA0EE7348E03332A7ADCFA073B64E842ED7050
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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