Tax Free Inheritance Limit 2024. The tax rates on inheritances range from less than 1% to 18% of the value of property and cash you inherit, but they can change each year so check with your state. This blog explores the key points regarding inheritance taxes, emphasizing the positive aspects for most.

It will be more likely to impact families when the estate tax limit is lowered in 2026 to about half of that exemption amount. The federal estate tax generally applies to assets over $13.61 million in 2024, and the federal estate tax rate ranges from 18% to 40%.