• Metro East REIA

States with an Estate or Inheritance Tax

We have already had a few posts this year about changes to the tax laws as well as information about sales taxes. And with that in mind, the old axiom about the two certainties in life, death & taxes, is the topic for today. The TaxFoundation says there are 18 states with an inheritance or estate tax – with one state, Maryland, having both! Hawaii and Washington State have the highest estate tax top rates in the nation at 20%. The distinction between the two, they point out, is that estate taxes are paid by the decedent’s estate before assets are distributed to the heirs while Inheritance taxes are remitted by the recipient of a bequest. Continue reading HERE...

0 views0 comments

Recent Posts

See All

A recent report from Breitbart says the average national price for manufactured homes rose nearly 50% over the course of the pandemic, from $82,900 to $123,200. They say manufactured homes have long

The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which is 14.4% lower than April’s revised number and 3.5% lower than