It might work that way or almost so for out of state estates but in Pennsylvania there looms another major issue – the ...

Add Yahoo as a preferred source to see more of our stories on Google. The Keystone State is one of only five states that currently levy a tax on the transfer of an estate—including primary homes—to ...

Currently, there are several bills floating in the state legislature to modify Pennsylvania's Inheritance Tax. However, Rep. Valerie Gaydos wants to abolish the tax altogether and has pushed House ...

There comes a time in all of our lives when we have to say goodbye to a family member or friend. If you were close with the person who passed away, you might discover that they’ve left you something ...

Inheritance tax – the most unfair tax of all. I’m 77 years old. I’ve worked all my life and paid taxes on everything I own. And yet, when I die, my children or grandchildren will have to pay tax AGAIN ...

That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.

Whether you have to report an inheritance on your taxes depends on what you inherit and the subsequent handling of that inheritance. While inheritances themselves are often not subject to federal ...