An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky, Maryland, ...

(NewsNation) – Americans do not have to pay taxes on their inheritance — in most states. Five states, however, enforce taxes on inheritance: Pennsylvania, New Jersey, Nebraska, Maryland and Kentucky.

Navigating the complexities of state taxes can be daunting, but understanding Pennsylvania's tax landscape is essential for residents and newcomers alike. In this guide, we'll explore key components ...