Washington State levies a tax on the estate of of residents based upon their total “taxable estate”. The current estate tax, or death tax, rates range from 10% to 19% and are given in the table below. The tax is also applied to non-residents based upon the total property located in Washington State.
Tag Archive: IRS
What happens when a non-U.S. relative leaves you an inheritance in their will? Will special inheritance taxes be due on the bequest? Are there restrictions on bringing money into the U.S.? I have prepared a quick guide below to helping U.S. citizens and residents deal with the situation when they inherit money from a foreign …