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Estate tax is collected by the federal government, while inheritance tax is state imposed.
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And the more we know about them as adults the easier our finances become.
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If you're a homeowner, one of the expenses that you have to pay on a regular basis is your property taxes. And the more we know about them as adults the easier our finances become. You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same. If you're getting a refund, the clock starts ticking after you file your taxes. A tax collector may not be a friend to all but someone has to do the job.
And if you're reading this article, you're probably curious to know what exactly you're paying for.
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