The IRS didn’t enforce the penalty from 2020 through 2024, but that leniency has ended as of 2025. The Secure Act of 2019 ...

FIRST ON FOX: Republican lawmakers are mounting a massive effort to repeal the federal inheritance tax, colloquially known as the "death tax." Rep. Randy Feenstra, R-Iowa, is leading more than 170 ...

Here are eight types of income that are free from federal taxes. Child support payments are nontaxable income for those who ...

Death can be a tax-triggering event. And there are two you should be aware of: the estate tax and inheritance tax.

Iowa has the lowest state inheritance tax, at a maximum of 2%. Kentucky and New Jersey have the highest, at a top rate of 16%, but they are among a group of three states that offer exemptions up to a ...

Nebraska lawmakers have resisted efforts for years to join the vast majority of states in ending the inheritance tax, siding ...

One of the most common questions I hear from clients in my estate planning practice is: "Will my heirs have to pay taxes on ...

Rep. Randy Feenstra, R-Iowa, is leading more than 170 House Republicans on the "Death Tax Repeal Act," which is also backed by the House’s top tax writer, Ways & Means Chairman Jason Smith, R-Mo.

But they won’t be required to pay federal gift taxes until they give away millions during their lifetimes. If you receive an inheritance, you won’t owe any estate tax. The deceased person’s ...