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Who Pays Inheritance Tax In US And What Are The Tax Rates? News18 Explains Amid Sam Pitroda Row

Inheritance tax in the US is applicable when the person who dies passes on assets lived in one of the six states. It is the state where the decedent lives, and not the beneficiary, that determines if an inheritance tax applies. It is currently imposed by six US states. Iowa, however, will abolish it by 2025

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