and Pennsylvania. However, Iowa will phase out its inheritance tax by 2025. When the Tax Applies Whether an inheritance will be taxed, and at what rate, depends on its value, the relationship of ...

An inheritance tax is a tax on assets, such as money or a home, inherited from someone who died. The person who inherits the assets pays the tax, and rates ... and Pennsylvania — have a tax ...

and siblings are subject to a 12% rate. Unrelated heirs pay a 15% inheritance tax in Pennsylvania (with some exceptions). Profit and prosper with the best of Kiplinger's advice on investing ...