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 ...

"In this world, nothing can be said to be certain, except death and taxes,” Benjamin Franklin once famously quipped. But in his adopted home of Pennsylvania, even taxes after death are certain, too.

A bill recently reintroduced in Pennsylvania could eliminate the state's inheritance tax currently levied on properties transferred from an individual to their heirs after they pass. According to the ...

HARRISBURG — Up to $100,000 in assets passed down from a deceased relative to their kin would be exempt from Pennsylvania’s inheritance tax under a bill that advanced Wednesday within the state Senate ...

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.

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, ...

Benjamin Franklin referred to death and taxes as "the only certainties in life." And the inheritance tax touches on both.

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 ...