Tax Consequences
Learn about tax consequences of estate planning decisions. Understand how trusts, gifts, and inheritance affect taxes for your family's financial future.
How much can I inherit without paying taxes?
Most people inherit money without paying federal taxes because of the high estate tax exemption of $15,000,00026 USC 2001(c), 2010; P.L. 119-21 §70106Verified Jul 13, 2026View source per person. This means estates under this amount typically don't owe federal estate taxes. However, some states have their own inheritance or estate taxes with lower thresholds. The person who died (not the heir) is responsible for any estate taxes owed.
