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What is the difference between inheritance tax and estate tax?

Ava Rodriguez | 2023-05-07 23:44:22 | page views：1769
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Julian Wilson

Works at the United Nations High Commissioner for Refugees (UNHCR), Lives in Geneva, Switzerland.
The main difference between estate taxes and inheritance taxes is who pays the tax. The clue is in the name. Estate taxes are paid by the deceased person's estate before the money is distributed to their heirs. Inheritance taxes are paid by the person inheriting the money or assets.
2023-05-11 23:44:22
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Amelia Taylor

QuesHub.com delivers expert answers and knowledge to you.
The main difference between estate taxes and inheritance taxes is who pays the tax. The clue is in the name. Estate taxes are paid by the deceased person's estate before the money is distributed to their heirs. Inheritance taxes are paid by the person inheriting the money or assets.
Difference between Estate and Inheritance Taxes - TaxAct Blog
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