There is no federal inheritance tax, and only five states have inheritance taxes. So unless the person who died lived in one of those states, you won’t have to pay an inheritance tax.
Other relatives are exempt aside from the five states previously mentioned. Often, estate and inheritance taxes are conflated, when they are somewhat different. Estate tax refers to taxation on an ...
State Sen. Rob Clements of Elmwood has pushed during his eight years in office to eliminate the state’s inheritance tax, maintaining that it’s an unfair and outdated tax after death that only five ...
LINCOLN — State Sen. Rob Clements of Elmwood has pushed during his eight years in office to eliminate the state’s inheritance tax, maintaining that it’s an unfair and outdated tax after ...
State Sen. Robert Clements of Elmwood asks a question regarding nuclear energy during a hearing Oct. 27, 2023, in Lincoln. (Zach Wendling/Nebraska Examiner) LINCOLN — State Sen. Rob Clements of ...