{"id":3461,"date":"2022-08-04T05:15:22","date_gmt":"2022-08-04T05:15:22","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/?p=3461"},"modified":"2024-08-27T05:32:09","modified_gmt":"2024-08-27T05:32:09","slug":"what-is-inheritance-tax","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-inheritance-tax","title":{"rendered":"What Is Inheritance Tax and Can You Avoid Paying It?"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-8\">\n<p class=\"c-paragraph-3\">If you work, are investing in a <a href=\"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/retirement-savings-benchmarks-age\">retirement savings account<\/a>, or buy a car, you\u2019ll be required to pay taxes on the values of those cash sources and assets. But what about assets that someone leaves you after they die? Depending on where your loved one lived, you might have to pay taxes on money and other assets that you inherit from them.<\/p>\n<\/div>\n<div class=\"full-bleed-image\"><picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/119-1600x600-1.jpg\" media=\"(min-width:767px) and (max-width:1600px)\" \/><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/119-1600x600-1.jpg\" media=\"(min-width:540px) and (max-width:767px)\" \/><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/119-1600x600-1.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/119-1600x600-1.jpg\" alt=\"\"\/><\/picture><\/div>\n","protected":false},"excerpt":{"rendered":"<p>You have to pay taxes on the value of different assets, and depending on where your loved one lived, assets that you inherit are no different.<\/p>\n","protected":false},"author":1,"featured_media":3464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-3461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Inheritance Tax? \u2013 Microsoft 365<\/title>\n<meta name=\"description\" content=\"Learn what inheritance tax is and which states require you to pay it from Microsoft 365. Find out if there are ways you can avoid paying taxes on inherited assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What Is Inheritance Tax? \u2013 Microsoft 365\" \/>\n<meta name=\"twitter:description\" content=\"Learn what inheritance tax is and which states require you to pay it from Microsoft 365. Find out if there are ways you can avoid paying taxes on inherited assets.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2022\/08\/119-800x550-1.jpg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is Inheritance Tax? \u2013 Microsoft 365","description":"Learn what inheritance tax is and which states require you to pay it from Microsoft 365. 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Find out if there are ways you can avoid paying taxes on inherited assets.","twitter_image":"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2022\/08\/119-800x550-1.jpg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-inheritance-tax","url":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/what-is-inheritance-tax","name":"What Is Inheritance Tax? \u2013 Microsoft 365","isPartOf":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#website"},"datePublished":"2022-08-04T05:15:22+00:00","dateModified":"2024-08-27T05:32:09+00:00","author":{"@id":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/#\/schema\/person\/55ca651b2ccce6c95ad8d20feac4e8fd"},"description":"Learn what inheritance tax is and which states require you to pay it from Microsoft 365. 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