Inheritance Tax 2024. It's increased to $13.61 million in 2024, up from $12.92 million in 2023. Tax on property, money and shares you inherit;

In contrast, inheritance taxes are only levied on the value of assets transferred and are. There’s no federal inheritance tax and only six states collect an inheritance tax in 2023 and 2024, so it only affects you if the decedent (deceased person) lived or owned.