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Section 102(a) Shields Your Inheritance From Federal Tax. Five States Don't Care What the IRS Does

Summary by 24/7 Wall St.
The IRS has no claim on your inheritance, but five states wrote their own rules, and your relative's zip code determines whether you walk away with the full amount or hand over tens of thousands before you cash a single check.

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24/7 Wall St.24/7 Wall St.
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Section 102(a) Shields Your Inheritance From Federal Tax. Five States Don't Care What the IRS Does

The IRS has no claim on your inheritance, but five states wrote their own rules, and your relative's zip code determines whether you walk away with the full amount or hand over tens of thousands before you cash a single check.

·Lakewood, United States
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24/7 Wall St. broke the news in Lakewood, United States on Thursday, October 1, 2026.
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