When someone passes away, and leaves their belongings to others, an inheritance tax may apply. In a nutshell, inheritance tax is typically paid by the heirs or beneficiaries who receive the assets, as ...

Internal Revenue Service reminds taxpayers that inheriting a retirement account, such as an IRA or 401(k), could come with ...

No one looks forward to paying taxes and earning more means paying more taxes. That being said, there are some types of income that even the IRS can’t touch. Read on to find out more about what’s in ...

Most states offer at least one tax break to retirees but some exempt multiple forms of retirement income and eight states ...

While there are many surprisingly hidden costs in your tax years during retirement, several types of retirement income aren't taxable.